Block Point Molate land sale to Winehaven Legacy LLC for missing closing requirements
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
3 to 4
Adopt Resolution No. 70-22 and add language regarding Winehaven's additional submittals
5 to 2
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