BURBANK REDEVELOPMENT AGENCY

Tuesday, June 1, 2004

AGENDA

CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE

This facility is disabled accessible.  Auxiliary aids and services are available for individuals with speech, vision or hearing impairments (48 hour notice is required).  Please contact the ADA Coordinator at (818) 238-5021 voice or (818) 238-5035 TDD with questions or concerns.

4:30 P.M. CLOSED SESSION IN CITY HALL BASEMENT LUNCH ROOM/CONFERENCE ROOM:

a.      Conference with Real Property Negotiatior:

Pursuant to Govt. Code �54956.8

Agency Negotiator:  Assistant Executive Director/Susan M. Georgino.

Property:  455 North Varney Street between Magnolia Boulevard and Cypress Avenue.

Party With Whom Agency is Negotiating:  Paul McKenna.

Name of Contact Person:  Ruth Davidson-Guerra, Assistant Community Development Director/Housing and Redevelopment.

Terms Under Negotiation:  Possible purchase of real property.

b.      Conference with Real Property Negotiatior:

Pursuant to Govt. Code �54956.8

Agency Negotiator:  Assistant Executive Director/Susan M. Georgino.

Properties:  111-245 East Magnolia Boulevard, 401-761 North First Street, 200 East Cypress, 601-800, 801, 805, 851, 875, 877, 891 South San Fernando Boulevard, 228 East Burbank Boulevard.  The 41 acre site (excluding IKEA) generally bounded by Magnolia Boulevard, Third Street, Burbank, Boulevard, and Interstate 5 (Media City Center Mall).  Parcels 2460-023-045 through and including 2460-023-062.

Parties With Whom Agency is Negotiating:  Crown Realty and Development Inc.

Name of Contact Person:  Jack Lynch, Senior Redevelopment Project Manager.

Terms Under Negotiation:  Negotiation for the sale of the fee title in regards to the improvements on the above mentioned parcels.

When the Agency reconvenes in open session, the Agency may make any required disclosures regarding actions taken in Closed Session or adopt any appropriate resolutions concerning these matters.