Extend Point Molate development agreement through May 2010

Point MolateContracts

In Plain English

The city has a development agreement with Upstream Point Molate LLC that includes monthly payments of $90,000. This extension continues the agreement for a third period until May 20, 2010. Point Molate is a waterfront area where the city is working with a developer on future projects.

Auto-generated summary. Source: official agenda documents.

Votes

Extend the Point Molate LDA with Upstream

Moved by: Councilmember BatesSeconded by: Councilmember Lopez
Passed

3 to 1

Nat BatesAye
Tom ButtAye
Jim RogersAye
Gayle McLaughlinNay
Jeff RittermanAbstain
Jovanka ViramontesAbstain