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Redevelopment Commission approves short-term authorization to sign hotel-closing documents, extends authorization to April 10
Summary
The commission approved Resolution 2621 granting specified officers or the executive director authority to sign closing documents for a trades-district hotel sale; commissioners amended the resolution to extend the authorization expiry to April 10, 2026, and voted to approve the amended resolution.
Staff asked the commission to approve Resolution 2621, a short-lived authorization that would allow designated RDC officers or, as a last resort, the executive director to sign documents necessary to close on a trades-district hotel property. Staff explained the resolution exists to provide written authority that title…
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