Redeem $1.75 million cash settlement from Pinole Point Properties developer
In Plain English
The city holds letters of credit from Pinole Point Properties as financial guarantees for a development project. The developer now wants to convert these guarantees into a $1.75 million cash payment to the city. If approved, the city receives the money upfront instead of holding the credit promises.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 90-07
PassedCommunity Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Transfer development obligations for Pinole Point Business Park to new company
Extend Point Molate development deadline to July 2010
Extend Point Richmond Gateway LLC development deadline by 1 year
Approve letter of intent to sell 82-acre Point Molate development property to tribal group
Hire 3 firms to set up special financing districts for Point Molate development
The Story So Far
Related items from other meetings
Hire law firm for general legal advice and lawsuits
Update sidewalk vendor permit rules and enforcement procedures
Hire Bennett Gelini law firm for litigation and liability claims through 2028
Hire consultant to help find new operator for water treatment and storm systems
Approve 3-year contract with Unity Courier for library book delivery service
Increase Pogo Park contract by $3.3 million to complete Harbour-8 Park expansion
Update administrative procedures and enforcement for sidewalk vendors
Approve $299,797 contract to plan relocation of historic SS Red Oak Victory ship
Hire consulting firm to study Port of Richmond's economic impact
Extend LCP Tracker labor compliance software contract by $29,000 through 2027