Extend Point Molate development sale deadline to March 15, 2010

Point MolateContracts<UNKNOWN>Contract

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

Failed

3 to 2

BBLMRRV

Why This Vote Matters

The council rejected a proposal to delay their decision on giving a developer more time to complete their purchase of Point Molate land. In a divided 3-2 vote, Councilmembers Bates, Rogers, and Viramontes wanted to postpone the matter until all seven council members could be present, while Butt and McLaughlin voted to proceed immediately. Two members were absent from the meeting. This means the council will now vote on whether to grant Upstream Pt. Molate LLC a two-month extension to finalize their land purchase, which was originally due in January 2010.

Auto-generated context. Source: official meeting records.

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

Failed

1 to 2

BBLMRRV

Why This Vote Matters

The council rejected a proposal to give a developer two more months to complete their purchase of Point Molate land. Councilmember Butt's motion would have extended the sale agreement for 30 days with four conditions, including requiring the developer to provide solid financial data and clarifying design requirements. The motion failed with only Butt voting yes, Bates and McLaughlin voting no, and Rogers and Viramontes abstaining. This rejection leaves the status of the long-delayed land sale uncertain, as the original deadline has already passed.

Auto-generated context. Source: official meeting records.

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

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