09-07-07 Redevelopment Commission Minutes

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a~~tl~ Be~~~~ ~~C~CV~I~.~1~7C11t ~`e~~~~~~is~iala l~e~~lar N~eet1~~~ -~cptel~~l~er 7, ?4~~7 ~I~. A~po~•~ ~~co~~n~~.c ~~~elnp~~~~t A~'e~ ~~~ C(~lltl~~~~~ ~.. Aelc~el~ci~~~~~ Y~ to clarl~~ the ~~~tac~1~ ~'o11tr~~ct. ~'lael~e ~~~ o~~~e dce~~ restl~rctlalas, s~171e rest~'~ctiol~s related to ~~ve~~pl~lel~t af. tl7e ~ll~c ~~1"011 pro.~e1't~, s~1~7~ pipel111e ~as~1~1.~1~.t I'estr1Gt101`1s a1~C~ s~1~1~ ~t~~1' 1"~~t1'1~t1v~ ~0~'C17.c~1`1t~ t~1at thls A.~C~e17C~1~117. slat"1~1~s. ~t also 111[.~.1~a1,~~ l~o~~r tltl.e i to ~~ cal~veyed by ~~~it ~`1~~i1~~ Deep, s~~bect to the ca~~~~zt~ons tl~at a~Ae listcci i~~ tie Ad~iel~.~i~~~~~. ~~°1~c~7, tl~e~~e ~r~; aver caril~i.c~~tio~~s ~Q1~Cert111`1. tlt~e 11~S111"c1.r1Ce, sl1rV~~ a~~d t~~e lC~~t tl~~.t l~0 1.~~~1~ i~.1'e t0 ~~ ~~~aced ac1111.st t~ese pr~pertic~ by t~~e p~~1'cha~e~~. Ise or~.~il~al ~pt~~~1 ~`a1~tr~ct also 1.11~C1~V~1`1~: s(?1~~e ci~~.l~es si~~ce its ~pprava~ by the C~o11<~r~~~~sia~~t ~`~~e legal e~.t~t~ ~~~~ o~rii~~~l~~ Cressy Everett ~t is ~~a ~~ ~'e~ ated r cal estate e1~t~ty. ~a1' all. ~r~tel~ts it is Cressy . Everett ~vho ~~ill be 1~~arl~etil~ the pra~e~~ty. Tl~e optral~ price ~~1~der the oriil~~l agreer~er~t was to be credited bae on tl~e ~~~t sales ~fprape~-ty. These tel~.ns lave been ehaned to be 1~~ore 1'a~el~able to t~~e ~edevelop1~1c1~.t `a1~~1~~issial~. Tl~at price il.l be c1'edited bacl~ over tl~e ~1rst ~~°lo ~l't~~e acre~e sale. All other ter~~ ~fthe ori~rl.~l ~ptiot~ Col~tract ~.re t~~e same. ~r . Pec~l~o~rsl~i asl~ed if the 1~a1~].e Ch~1~e vas ix~coneq~~el~.tial} ~ul~y ryas it t~ecesa~'y~ ~, the ~1~t1t~t cl~.a~~ge, 1t~s 11~.C~1~seG~lie11~1a~? ~~~ ~~~~ 1~ l~e~'ded? ~.. ~ltell. resp~l~.ded that it's a le~~Gll fa~~~~ality. Tlae sa1~~e ra~~p of ~peaple az'e i~~ ~l~c ~~.e~~+ el~tity, ................ . . ~~ .: ;. _ _. . .~. .