Extend Point Molate development sale deadline to March 15, 2010
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
3 to 2
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
1 to 2
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