Hire financial advisor to review Point Molate development proposal
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.
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Votes
Motion · Official minutes
Approve consent calendar
5 aye · 0 nay · 2 absent
Related agenda records
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Tribal Financial Advisors Contract
Legal services agreement amendment with Shartsis Friese LLP for Point Molate negotiations
Legal services agreement with Shartsis Friese LLP
Point Molate LDA Extension with Upstream Point Molate LLC
Point Molate Land Disposition Agreement amendment