Extend Point Molate development agreement with Upstream Point Molate LLC
In Plain English
The city signed a development agreement with Upstream Point Molate LLC to build on the former naval shipyard site. The current agreement expires soon and needs extension through April 2010. If approved, the developer pays the city $90,000 monthly starting January 15th.
Auto-generated summary. Source: official agenda documents.
Votes
Approve the item as presented
3 to 1
Continue the LDA a minimum of six months with monthly progress reports
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