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
Motion · Official minutes
Hold the issue over and hold a special meeting when full Council is available
3 aye · 2 nay · 2 absent
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 based on official minutes.
Motion · Official minutes
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 aye · 2 nay · 2 abstain · 2 absent
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 based on official minutes.
Related agenda records
Automatically matched by topic. Open an item to check its relevance and each motion’s outcome.
Point Molate Land Disposition Agreement amendment
Third Amendment to the Land Disposition Agreement (LDA) with Upstream Point Molate, LLC
Point Molate LDA Extension with Upstream Point Molate LLC
Point Molate LDA Extension
Point Molate Remediation Agreement