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01/17/2006
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SUCCESOR AGENCY(formerly Community Redevelopment Agency)
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COMMUNTY REDEVELOPMENT AGENCY (1974-2012)
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01/17/2006
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2/10/2006 8:32:29 AM
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<br />BUSINESS CALENDAR <br /> <br />The Chair announced that Item NO.5 on the agenda would be taken out of order. <br /> <br />5. <br /> <br />FURTHER CONSIDERATION OF ACQUISITION AGREEMENT, <br />MUTUAL RELEASE AND JOINT ESCROW INSTRUCTIONS WITH <br />VINCI INVESTMENT CO., INC. <br /> <br />Agency Member Christy declared a conflict of interest on Item No. 5 due to her <br />employment with Citibank and as a registered representative of Citicorp <br />Investment Services, and left the meeting for this item. <br /> <br />Vice-Chair Bist moved, seconded by Chair Pulido that Item NO.8 from the meeting of <br />January 3, 2006 be reconsidered. <br /> <br />Motion: Reconsider Item No.8 from the meeting of January 3, 2006 related to <br />Resolution CRA 2006-001 approving Acquisition Agreement, Mutual <br />Release and Joint Escrow Instructions with Vinci Investment Co. Inc. <br /> <br />MOTION: Bist <br /> <br />SECOND: Pulido <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Bustamante, Garcia, Pulido, <br />Solorio (6) <br /> <br />NOES: None (0) <br />ABSTAIN: Christy (1) <br />ABSENT: None (0) <br /> <br />Following approval of the motion to reconsider Item NO.8 from the meeting of January <br />3, 2006, the Chair announced that the item was now before the Agency and a vote to <br />re-adopt the Resolution would now be taken. <br /> <br />Motion: Re-adopt Resolution CRA 2006-001 approving Acquisition <br />Agreement, Mutual Release and Joint Escrow Instructions with Vinci <br />Investment Co. Inc. (Five votes required) <br /> <br />MOTION: Bustamante SECOND: Solorio <br />VOTE: AYES: Bustamante, Pulido, Solorio (3) <br /> NOES: Alvarez, Bist (2) <br /> ABSTAIN: Christy (1) <br /> ABSENT: Garcia (1) <br /> <br />eRA MINUTES <br /> <br />3 <br /> <br />JANUARY 17, 2006 <br />
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