Review Terminal One land sale and decide whether to cancel or continue
In Plain English
The city sold waterfront property at Brickyard Cove for $10 million in December but has 75 days to review the deal. Citizen groups have raised objections to the housing project. If approved to continue, the developer proceeds with construction plans that began in 2014.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt a resolution reviewing the terms of Amendment to Land Disposition Agreement for Terminal One Project and all outstanding objections by various Citizen Groups with respect to the Project and direct staff to negotiate further revisions to the ALDA working alongside the various Citizen Groups (BCARD and PRNC). AND for immediately take over Brickyard Cove Road, along with accepting the $250 from the various HOA's and to allow them to continue maintaining the landscaping in that area. AND to have the city staff work on an Emergency Response Plan for that area, with a deadline of having the plan completed before the development is completed
Exercise the right to rescind the transaction and require the property to be deeded back to the City and the deposit returned to the developer
5 to 1
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