Court of Appeal, Second District, Division 4, California. Aug. 29, 1991. The Superior Court, Los Angeles County, No. C 738984, David P. Yaffe, J., denied the petition.
Respondents request imposition of sanctions on appeal.
For the reasons discussed below, we affirm the judgment. We also decline to impose sanctions on appeal. The parties agreed to proceed with further exclusive negotiations in an attempt to reach an Owner Participation Agreement. Appellants' proposal was chosen over one proposed by Watt Industries, another developer. In June 1986, the Agency entered into a Negotiation Agreement with appellants which provided for an exclusive right to negotiate for 60 days.