Extend Point Molate development deadline to July 2010
In Plain English
The city signed a deal to sell Point Molate land to Upstream Point Molate LLC for development. The developer needs more time to complete the purchase and is paying the city $90,000 per month until closing. If approved, the new deadline becomes July 20, 2010.
Auto-generated summary. Source: official agenda documents.
Votes
Amend LDA to provide extension until April 2011 (30 days after March 2011 court date), include all amendments requested by Point Molate Committee, authorize staff to include area for discussion and community outreach for alternative projects, continue $90,000 monthly payments and all other obligations
4 to 2
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