MEMORANDUM FROM THE CITY ATTORNEY CONCERNING A CLOSED SESSION BEFORE THE CITY COUNCIL OF THE CITY OF RIVERSIDE TO: Honorable Mayor and Members of the City Council FROM: Jack Liu, Interim City Attorney SUBJECT: Closed Session - CONFERENCE WITH REAL PROPERTY NEGOTIATORS [Government Code §54956.8]
Name of Parties: Hyundai Supernal/ Aviation Ground Group/ TDA Investment Group Parties’ Negotiators: Neil Marshall; James Williams; Matthew Reid Location of Property: 6951 Flight Road
Generally described as Riverside Airport
Assessor’s Parcel Numbers May Include Portions of: 189290009, 189290011, 189290012, 189290005, 189290006, 189210002, 189210003, 189210004, 189210005, 189210006, 189210007, 189210010, 189170025, 189170026002 Under Negotiations: Price and terms of payment
City’s Negotiator: Charles M. Futrell, City Manager
A closed session will be held on January 28, 2025, for the purpose of giving instructions and granting authority to your negotiator regarding the price and terms of payment for the purchase, sale, exchange, or lease of real property. [Govt. Code §54956.8] If the City Council’s approval renders the agreement final concluding the real estate negotiations, the approval and the substance of the agreement, including the vote or abstention of each member, shall be reported in open session at the public meeting during which the closed session is held. [Govt. Code §54957.1(a)(1)(A)].
Dated: January 22, 2025
Prepared By: Jack Liu
Interim City Attorney
Rev Date: 8/8/22Rev Date: 8/8/22
Rev Date: 8/8/22
Rev Date: 8/8/22