Approve Point Molate development timeline and hire $150,000 financial advisor

Point MolateContracts<UNKNOWN>

In Plain English

The city owns 270 acres at Point Molate, a former Navy fuel depot site overlooking San Francisco Bay. This approves a development schedule and hires Kosmont Companies to provide financial advice as the city seeks a master developer. If approved, the city begins the formal process to select a developer for housing and mixed-use construction on the waterfront property.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt staff's recommendation with two conditions: (1) incorporate the subject matter that Councilmember Martinez presented on this item at the City Council meeting on July 10, 2018; and (2) delete the provision in the proposed RFQ that would prohibit responders from contacting or lobbying councilmembers and staff regarding the RFQ

Moved by: Mayor ButtSeconded by: Councilmember Choi
Failed

Approve the RFQ and postpone approval of the contract

Moved by: Councilmember MartinezSeconded by: Councilmember Beckles
Passed

7 to 0

Thomas K. ButtAye
Jovanka BecklesAye
Ben ChoiAye
Eduardo MartinezAye
Jael MyrickAye
Ada RecinosAye
Melvin WillisAye

Approve the tentative schedule as recommended by staff

Moved by: Mayor ButtSeconded by: Councilmember Choi
Passed

4 to 2

Thomas K. ButtAye
Jovanka BecklesNay
Ben ChoiAye
Eduardo MartinezNay
Jael MyrickAye
Ada RecinosAye
Melvin WillisAbstain