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<br />- <br /> <br />8 <br /> <br />I <br /> <br />'. <br /> <br />to Cal Trans but retained the fee interest in the land; that the <br />sign was approximately 10' to 12' from the railway track; that <br />the property had been professionally surveyed; and that Santa Fe <br />would not have permitted a sign to be placed on its operative <br />right-of-way and, therefore, the sign is located on the <br />inoperative right-of-way. <br /> <br />After further discussion, it was moved by Mr. Young, seconded by <br />Mr. Luxembourger and carried by the following vote: <br /> <br />AYES: Griset, Hart, Johnson, Luxembourger, McGuigan and Young <br /> <br />NOES: Acosta <br /> <br />ABSENT: None <br /> <br />NEGOTIATED PURCHASE OF PROPERTY (A.p.d 398-516-07) <br /> <br />It was moved by Mr. Luxembourger, seconded by Mrs. McGuigan and <br />carried unanimously (7:0) that the Agency authorize the Chairman <br />of the Redevelopment Agency to execute escrow instructions for <br />the purchase of real property commonly designated as Assessor <br />Parcel No. 398-516-07 for a negotiated purchase price of $61,000 <br />from Bernard Gaon and Judith Gaon. <br /> <br />ADJOURNMENT <br /> <br />There being <br />meeting was <br /> <br />no further business to come before the Agency, the <br />adjourned at 2:02 A.M. <br /> <br /> <br />~~ <br /> <br />tv.u <br /> <br />Daniel E. Griset, <br />Chairman <br /> <br />Executive Director <br /> <br />-7- <br />