O. Real estate negotiations.

Closed under both Acts. A body may hold a closed session with its negotiator prior to the purchase, sale, exchange or lease of real property by or for the body to grant authority or give instructions to its negotiator regarding the price and terms of payment. Prior to the closed session, the body must identify its negotiator, the real property, and the persons with whom its negotiators must negotiate. Cal. Gov't Code §§ 11126(c)(7) (Bagley-Keene Act); 54956.8 (Brown Act).

Under the Brown Act, the legislative body shall report any action taken in closed session regarding approval of a final agreement on the sale, purchase, exchange or lease of real property. Cal. Gov't Code § 54957.1(a)(1). The body shall make a report during the public meeting in which the closed session is held, and shall disclose the substance of the agreement. Cal. Gov't Code § 54957.1(a)(1).