Hire financial advisor to review Point Molate development proposal

Point MolateContracts

$35,000

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

Approve consent calendar

Moved by: Councilmember ViramontesSeconded by: Vice Mayor Ritterman
Passed

5 to 0

McLaughlinAye
ButtAye
BatesAbsent
RogersAye
RittermanAye
LopezAbsent
ViramontesAye