6A
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APPROVAL OF MINUTES
REQUESTED ACTION: Approval of Board Minutes for the August 3, 2017 Regular Meeting.
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8A
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AMEND PURCHASE AND SALE AGREEMENT 2018-03
REQUESTED ACTION: The Executive Director of the Authority requests approval of, and authorization for the Executive Director to execute, an amendment to Purchase and Sale Agreement 2018-03 (“Agreement”) with NAPA AIRPORT CORPORATE CENTER I, LLC, (“Seller”), regarding purchase a 15.5 acre parcel identified as a portion of Napa County Assessor’s Parcel No. 057-090-079, located in the City of American Canyon that is adjacent to the Devlin Road Transfer Station (“DRTS”), with the amendment to include terms and provisions covering one or more of the following issues:
• Extend the period of time for the Authority to review a preliminary title report on the Property and to give notice of exceptions that the Authority disapproves up to and including September 29, 2017;
• Extend the Authority's due diligence investigation period to October 6, 2017;
• Clarify the right of either the Seller or the Authority to opt to cancel escrow, and for the Authority to recover its escrow deposit in that event, if the City of American Canyon's processing of a lot line adjustment (which is a condition to close of escrow) is delayed past the currently scheduled close of escrow date, or if the City disapproves the lot line adjustment; and
• Reduce the purchase price to be paid by the Authority from $5.9 million to $5,638,640.00 to reflect the actual, correct size of the Property being acquired in fee by the Authority of 15.5 acres, rather than the previously specified 17 acres, which erroneously included an area occupied by a portion of Devlin Road.
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9A
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EXECUTIVE DIRECTOR'S REPORT
DISCUSSION ITEM: Executive Director to report on Authority related activities.
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10A
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REPORTS FROM JURISDICTIONS
DISCUSSION ITEM: Reports of current information relevant to the Authority by the member jurisdictions:
- Vallejo: Robert McConnell
- Napa City: Scott Sedgley
- Napa County: Alfredo Pedroza
- American Canyon: Leon Garcia
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10B
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FUTURE AGENDA ITEMS
DISCUSSION ITEM: Discussion of any items Board members may wish to have addressed at a future meeting date.
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11A
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CLOSED SESSION:
CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Government Code Section 54956.8)
Property: A 17 acre portion of Napa County Assessor’s Parcel No. 057-090-079 located in the City of American Canyon adjacent and to the south of the Devlin Road Transfer Station
Agency Negotiator: Richard Luthy, Executive Director, NVWMA
Parties with Whom to Negotiate: NAPA AIRPORT CORPORATE CENTER I, LLC, a Delaware limited liability company
Closed session topics: Price and terms of payment for proposed acquisition
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11B
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CLOSED SESSION
Conference with Legal Counsel – Anticipated Litigation
Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Government Code Section 54956.9: one case
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