Block Point Molate land sale to Winehaven Legacy LLC for missing closing requirements

Point MolateLitigation

In Plain English

The city agreed to sell Point Molate development areas to Winehaven Legacy LLC for $45 million, with Richmond receiving $22.5 million. Winehaven failed to provide required financial plans, guarantor bonds, and funding commitments by the deadline. If the sale is blocked, the property goes to Upstream/Tribe for just $400 instead.

Auto-generated summary. Source: official agenda documents.

Votes

Motion to end debate

Moved by: Councilmember Gayle McLaughlinSeconded by: Vice Mayor Eduardo Martinez
Failed

3 to 4

Thomas K. ButtNay
Nathaniel BatesNay
Claudia JimenezAye
Gayle McLaughlinAye
Eduardo MartinezAye
Demnlus Johnson IIINay
Melvin WillisNay

Adopt Resolution No. 70-22 and add language regarding Winehaven's additional submittals

Moved by: Councilmember Gayle McLaughlinSeconded by: Councilmember Melvin Willis
Passed

5 to 2

Thomas K. ButtNay
Nathaniel BatesNay
Claudia JimenezAye
Demnlus Johnson IIIAye
Gayle McLaughlinAye
Melvin WillisAye
Eduardo MartinezAye