07/21/1987 - Laserfiche WebLink

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L. . . . . ~ EXECUTIVE SESSION The Agency adjourned to Executive Session at 7:04 P.M. and returned to the Council Chambers at 7:16 P.M. with all members formerly present in attendance. The Agency Secretary read the following statements: "The Legal Counsel requests that the Redevelopment Agency recess to closed session pursuant to Government Code Sec. 54956.9(A) to confer with its attorney regarding pending litigation which has been initiated formally, and to which the Redevelopment Agency is a party. The titles of the litigations are:1) Community Redevelopment Agency vs. Judy's; and 2) Community Redevelopment Agency vs. Matkin." "The Legal Counsel requests that the Redevelopment Agency recess to closed session to confer with its attorney regarding pending litigation pursuant to Government Code section 54956.9(c) to discuss proposed litigation." REPORT FROM EXECUTIVE SESSION It was moved by Vice Chairperson McGuigan, seconded by Agency Member May and carried unanimously (5:0) that the Redevelopment Agency authorize the Agency's negotiator to settle the case of the Community Redevelopment Agency vs. Matkin (No. 45-21-90) in the amount of $125,000 plus legal interest. It was moved by Agency Member Hart, seconded by Agency Member May and carried unanimously (5:0) that the Redevelopment Agency authorize the Chairman and the Secretary execute an agreement, as approved by legal counsel, to settle the case which includes a payment by the developer of $1 million for the Judy's leasehold interest and execution of two leases by Judy's in Main Place. ADJOURNMENT There being no further business meeting was adjourned at 7:21 P.M. before the Agency, the to come ~>t~ Daniel H. You Chairman 5.