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Last modified
9/30/2025 3:42:16 PM
Creation date
12/19/2022 4:05:09 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
12/19/2022
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Reso 2022-225 3rd Amendment to Shoreline DDA_PSA KB
(Amended)
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\City Clerk\City Council\Resolutions\2022
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ATTACHMENT 2 <br />• Demolition within the Harbor Basin area and construction of a 9 -acre community park on <br />Mulford Point; <br />• New Mulford-Marina Branch library; <br />• Redesigned nine-hole golf course; <br />• Reconstruction of Monarch Bay Drive, including a Class I bike facility; <br />• Related site improvements, including publicly accessible trails, landscaped areas, <br />access drives, and parking lots throughout the project area. <br /> <br />As noted above, in February 2020, the City Council further committed to the Shoreline <br />Development by approving and entering into a DDA with Cal Coast Companies LLC, Inc., which <br />includes authorization to enter into leases a nd a Purchase and Sale Agreement, and outlines <br />key business terms, including the scope of development, schedule of performance, and the <br />respective responsibilities of the City and the developer. Through the DDA, the City and <br />Developer agreed to work dilige ntly and in good faith toward appropriate planning entitlements <br />for the private development components of the project (hotel, restaurants, market, multi -family, <br />and single-family) and required that such entitlements be completed prior to sale or leasing of <br />City properties. <br /> <br />
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