Lynwood, CA – In a letter to Lynwood’s City Manager dated December 18, 2006, Imperial Partners requests that the exclusive negotiation agreement be amended and restated including the following changes:
1. Page 2, paragraph 1 & 2 should be modified to not default Developer for not conforming to the ENA;
2. Page , paragraph 2 should be modified and clarified to refer to the DDA only (not the ENA).
3. Modify the ENA to include an additional 68 acres of property in the DDA. According to the developer, the additional 68 acres are necessary to assure the success of the total development.
4. Page 7, paragraph 16 should be changed to say the “Deposit” of $500,000 is fully refundable at the discretion of the Developer.