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<br />. <br /> <br />. <br /> <br />. <br /> <br />". <br /> <br />The Agency Secretary read the following statement:"THE LEGAL <br />COUNSEL REQUESTS THAT THE REDEVELOPMENT AGENCY RECESS TO CLOSED <br />SESSION, PURSUANT TO GOVERNMENT CODE SEC. 54956.9(A) TO CONFER <br />WITH ITS ATTORNEY REGARDING PENDING LITIGATION WHICH HAS BEEN <br />INITIATED FORMALLY, AND TO WHICH THE REDEVELOPMENT AGENCY IS A <br />PARTY. THE TITLE OF THE LITIGATION IS COMMUNITY REDEVELOPMENT <br />AGENCY VERSUS SNOOZZZ SHOP." <br /> <br />The Agency Members returned to the Council Chambers at 9:15 P.M. <br />with all formerly in attendance present. <br /> <br />SETTLEMENT OF LAWSUIT WITH SNOOZZZ SHOP <br /> <br />It was moved by Agency Member Luxembourger, seconded by Agency <br />Member Hart and carried unanimously (4:0) that staff be <br />authorized to offer as final compensation $125,000 in loss of <br />goodwill in the current law suit with Snoozzz Shop. <br /> <br />ADJOURNMENT <br /> <br />no further business to come before the Agency, the <br />adjourned at 9:16 P.M. <br /> <br /> <br />cAl~ <br /> <br /> <br />Rex Swanson <br />Executive Director <br /> <br /> <br />-4- <br />