Approve Point Molate development timeline and hire $150,000 financial advisor
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
Approve the RFQ and postpone approval of the contract
7 to 0
Approve the tentative schedule as recommended by staff
4 to 2
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