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Hire financial advisor to review Point Molate development proposal

Point MolateContractsContract

In Plain English

The city received a financial proposal from Upstream Point Molate LLC for developing the former naval shipyard site. Tribal Financial Advisors will independently review the developer's numbers and financial projections. If approved, the city pays $35,000 for this third-party analysis to help evaluate the deal.

Auto-generated summary. Source: official agenda documents.

Votes

Motion · Official minutes

Approve consent calendar

Passed

5 aye · 0 nay · 2 absent

BBLMRRV