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Members approve 90-day extension of LOI for shopping center sale
Summary
Meeting members voted to approve a 90-day extension of the existing letter of intent (LOI) for the sale of a shopping center; the Chair initiated the motion and recorded affirmative votes from named members.
After disclosing that executive-session discussions concerned the sale of a shopping center, the Chair asked the membership to consider a motion to permit a 90-day extension of the existing letter of intent. A member said, "I'll make a motion to put that on the table," and a second was noted in the record though not attributed to a specific speaker.
The Chair recorded affirmative votes for the motion from several named members. The transcript records names followed by "yes," including Jonathan Stuchel (transcript also shows variant spelling "Stutchell" later), Tom Ralston, Joe Brickler, Peggy Brickweg (transcript also shows "Peggy Brickwig" later), Ray Culberson, Jeff Edwards, Kevin Geraci, Chris Sauer and Emile Smalley; the motion to extend the LOI for 90 days was approved.
