Extend Point Molate development sale deadline to March 15, 2010

Point MolateContracts<UNKNOWN>

In Plain English

The city signed an agreement to sell Point Molate land to Upstream Pt. Molate LLC for development. The original sale was supposed to close by January 15, 2010. If approved, the developer gets 2 more months to complete the purchase.

Auto-generated summary. Source: official agenda documents.

Votes

Hold the issue over and hold a special meeting when full Council is available

Moved by: Councilmember RogersSeconded by: Councilmember Viramontes
Failed

3 to 2

ButtNay
BatesAye
McLaughlinNay
RogersAye
RittermanAbsent
LopezAbsent
ViramontesAye

Extend the agreement for 30 days with four conditions: (1) rescind tolling agreement, (2) incorporate building six into Redevelopment plan, (3) developer has to provide solid financial data, and (4) LDA would be revised to make clear that design concept documents provide level of detail consistent with other Richmond projects

Moved by: Councilmember ButtSeconded by: <UNKNOWN>
Failed

1 to 2

ButtAye
BatesNay
McLaughlinNay
RogersAbstain
RittermanAbsent
LopezAbsent
ViramontesAbstain