6e Supp
ITEM NO: _6e_Supp_____ DATE OF MEETING: November 11, 2014 Tsubota Steel Site Surplus Resolution & Proposed Sale Site Map IG2 designation (existing) 25 ksf office Unlimitedoffice 25 ksf retail (compared 75 ksf retail to 79 ksf lot) 25 ksf office Unlimitedoffice 25 ksf retail (not 44 ksf retail practical on 18 ksf lot) Unlimitedoffice 25 ksf office 44 ksf retail 25 ksf retail (not practical on 18 ksf lot) Unlimitedoffice 35 ksf retail 25 ksf office 25 ksf retail (not Unlimitedoffice practical on 14 ksf lot) 10 ksf retail 25 ksf office Unlimitedoffice 25 ksf retail (not 44 ksf retail practical on 4 ksf lot) 25 ksf office 25 ksf retail (not practical on 18 ksf lot) 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 Contingency 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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