Create fiscal agent agreement to manage $28.5 million Navy environmental cleanup funds at Point Molate
In Plain English
The Navy allocated $28.5 million to clean up environmental contamination at the former Point Molate Naval Fuel Depot. The city needs a fiscal agent to receive and manage these federal cleanup funds on behalf of the developer. First American Fund Control will handle the money flow between all parties during the environmental remediation process.
Auto-generated summary. Source: official agenda documents.
Votes
Approve the fiscal agent agreement
3 to 1
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