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<br />CONSENT CALENDAR <br /> <br />MOTION: Bist <br /> <br />SECOND: Alvarez <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Alvarez, Bist, Bustamante, Christy, Garcia, <br />Pulido, Solorio (7) <br /> <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: None (0) <br /> <br />*** END OF CONSENT CALENDAR *** <br /> <br />BUSINESS CALENDAR <br /> <br />Agency Member Christy declared a conflict of interest on Item #8 due to her <br />employment with Citibank and as a registered representative of Citicorp <br />Investment Services; she abstained and left the room for this item <br /> <br />8. RESOLUTION APPROVING ACQUISITION AGREEMENT, MUTUAL RELEASE AND <br />JOINT ESCROW INSTRUCTIONS WITH VINCI INVESTMENT CO., INC. (Requires <br />five affirmative votes) <br /> <br />Discussion on this matter ensued. <br /> <br />Motion: Adopt a resolution approving Acquisition Agreement, Mutual Release <br />and Joint Escrow Instructions with Vinci Investment Co., Inc., <br /> <br />MOTION: Bustamante <br /> <br />SECOND: Garcia <br /> <br />VOTE: <br /> <br />AYES: <br /> <br />Bustamante, Garcia, Pulido, Solorio (4) <br /> <br />NOES: Alvarez, Bist (2) <br /> <br />ABSTAIN: Christy (1) <br />ABSENT: None (0) <br /> <br />Motion failed of adoption. Upon advice from its Attorney, the Agency <br />recessed to Closed Session at 8:38 P.M. to confer with its real property <br />negotiator pursuant to Government Code Section 54958.8. <br />Boardmember Alvarez left the closed session at 8:39 P.M. <br /> <br />eRA MINUTES <br /> <br />5 <br /> <br />JANUARY 3, 2006 <br />