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EX-99.1 - EX-99.1 - River Rock Entertainment Authority | a11-23295_1ex99d1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2011
River Rock Entertainment Authority
(Exact name of registrant as specified in its charter)
Not Applicable |
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333-115186 |
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68-0490898 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
3250 Highway 128 East |
95441 |
(Address of principal executive offices) |
(Zip Code) |
(707) 857-2777
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 1 Registrants Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On August 3, 2011, the River Rock Entertainment Authority (the Authority) entered into a Grant of Temporary Emergency Vehicle Access Easement (the Easement) with a group of individuals and family trusts (the Grantors) that will allow the Authority to construct an emergency vehicle access road that is required pursuant to the terms of the Memorandum of Agreement, as amended (the MOA), dated March 18, 2008, between Sonoma County (the County) and the Dry Creek Rancheria Band of Pomo Indians (the Tribe) (filed as Exhibit 10.22 to the Authoritys Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 14, 2008). The Authority will pay $9.0 million (the Easement Acquisition Price) to the Grantors pursuant to the Easement. The Easement is effective until July 31, 2016 (the Easement Expiration Date). In a separate agreement (the Purchase Agreement), the Tribe has agreed to acquire from the Grantors an approximately 310-acre parcel of land (the Property) contiguous to the Tribes reservation that includes the land that is the subject of the Easement. The Authority, the Tribe and the Grantors have agreed that the Easement Acquisition Price will be credited towards the purchase price for the Property. The Tribe has agreed to pay the balance of the purchase price for the Property to the Grantors over five years pursuant to a note from the Grantors that requires a final payment by the Easement Expiration Date.
The Authority expects to commence construction of the emergency vehicle access road in the near future so as to complete the construction in 2012 within the timeframes required by the MOA.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT |
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DESCRIPTION |
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10.1 |
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Grant of Temporary Emergency Vehicle Access Easement, dated as of July 31, 2011, by and among Terrance C. Proschold, the Terrance Carlton Proschold Living Trust, Peter M. Proschold, Linda Proschold, the Proschold Family Trust, Candace B. Cadd, Larry R. Cadd and the L.R. and C.B. Cadd Family Trust (the Grantors) and the River Rock Entertainment Authority. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 4, 2011
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River Rock Entertainment Authority | |
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By: |
/s/ David Fendrick |
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David Fendrick |
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Chief Executive Officer |