Monday, January 11, 2010

Special

Presiding: Mayor Gayle McLaughlin · Called to order: 6:32 p.m. · 1 items · 3 votes · 22 public comments

What happened

Rejected 4-3 extension of Point Molate development deal deadline by 2 months (Butt, McLaughlin, Ritterman, Rogers dissenting).

Auto-generated summary from agenda items and vote records

View official: Minutes

Attendance

Gayle McLaughlin(Present)

Nat Bates(Present)

Tom Butt(Present)

Jim Rogers(Present)

Jeff Ritterman(Present)

Ludmyrna Lopez(Present)

Maria Viramontes(Present)

1 substantive items

Contracts(1 item)

Extend Point Molate development deal deadline by 2 months

4-3Point Molate

In Plain English

The city signed a land sale agreement with Upstream Point Molate in 2009 for property development. The original closing date was January 15, 2010. If approved, the developer gets until March 15, 2010 to complete the purchase.

Auto-generated summary. Source: official agenda documents.

Votes

Approve the Third Amendment to the LDA, extending the closing date to March 15, 2010

Moved by: Councilmember BatesSeconded by: Vice Mayor Lopez

Passed

4 to 3

McLaughlinNay

ButtNay

BatesAye

RogersAye

RittermanNay

LopezAye

ViramontesAye

Direct staff to prepare a letter to Upstream informing them that they are in default, they have not provided bank financial statements for the required time periods and the City of Richmond will go forward with the 60-day period to cure the default and if the default is not cured in 60 days, the Agreement will be terminated

Moved by: Mayor McLaughlinSeconded by: Councilmember Butt

Failed

2 to 3

McLaughlinAye

ButtAye

BatesNay

RogersNay

RittermanAbstain

LopezNay

ViramontesAbstain

Call for the question to terminate debate

Moved by: Councilmember ViramontesSeconded by: Councilmember Bates