6a supp

ITEM NO:    _6a_Supp_____ 
DATE OF 
MEETING:   October 14, 2014 

Tsubota Steel Site 
Surplus Resolution & Proposed Sale

Site Map

Background 
2005 Acquisition 
2011 Request for Proposal 
2014 Request for Offers 
Appraisal 
Offers to buy "as is, where is"

Purchase & Sale  Key Terms 
Buyer 
TRF Pacific, LLC or its assigns 
Purchase Price 
$7.2 million 
Property Condition 
"As is, where is" 
Release

Purchase & Sale  Key Terms 
Environmental Contigency 
Voluntary clean-up program enrollment 
Closing 
30 days from waiver of all contingencies 
Default 
Buyer's remedies 
Seller's remedies 

Brokerage Commission 
Buyer indemnity

Alternatives Considered 
Status quo  continue short-term leases 
Solicit new offers to buy 
Solicit new offers to long-term lease 
Proceed with sale to TRF Pacific, LLC

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