1.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Government Code § 54956.8; Property: The Royce Apartments, Assessor Parcel Numbers 445-211-84, 445-211-85, 445-211-86, 445-211-87; Agency Negotiators: Oliver C. Chi, City Manager; Jeff Melching, City Attorney; Pete Carmichael, Director of Community Development; Lisa Varon, Housing Manager; Julie Romey, Senior Principal, Keyser Marston Associates, Inc. Negotiating Parties: Sean Rawson, Waterford Property Company; Jon Penkower, Managing Director, California Statewide Communities Development Authority; Under Negotiation: Price and Terms of Payment - City of Irvine

Meeting: CITY COUNCIL SPECIAL MEETING

Meeting Time: February 08, 2022 at 3:00pm PST

Where: City Council Chamber One Civic Center Plaza Irvine, CA 92606

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Agenda Item

1.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Government Code § 54956.8; Property: The Royce Apartments, Assessor Parcel Numbers 445-211-84, 445-211-85, 445-211-86, 445-211-87; Agency Negotiators: Oliver C. Chi, City Manager; Jeff Melching, City Attorney; Pete Carmichael, Director of Community Development; Lisa Varon, Housing Manager; Julie Romey, Senior Principal, Keyser Marston Associates, Inc. Negotiating Parties: Sean Rawson, Waterford Property Company; Jon Penkower, Managing Director, California Statewide Communities Development Authority; Under Negotiation: Price and Terms of Payment