Review developer's latest submittals for Point Molate closing issues
In Plain English
The city has been working to close a major development deal at Point Molate with Winehaven Legacy since 2020. Several legal and financial issues must be resolved before the deal can close, including transferring environmental cleanup responsibilities and securing $130 million in project guarantees. City Council must provide direction on how to handle these remaining obstacles.
Auto-generated summary. Source: official agenda documents.
Votes
To direct the city attorney to prepare a resolution for the May 24, 2022, City Council meeting that detail the reasons the city cannot move forward with the project
4 to 2
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