The City of Concord announced that consideration of the Brookfield Term Sheet has now been postponed until March 19.
The City of Concord Local Reuse Authority (LRA) and master developer Brookfield Properties have completed the process of drafting a proposed Term Sheet for the redevelopment of the former Concord Naval Weapons Station.
The consideration of the Brookfield Term Sheet by the LRA, originally scheduled for February 20, 2024, has been postponed at Brookfield’s request to allow the community additional time to review both the Term Sheet and staff report. The term sheet is a document that establishes procedures and standards for the negotiation and drafting of a Project Specific Plan and a comprehensive proposed Disposition and Development Agreement.
The City Council is now set to consider the Term Sheet at a special meeting starting at 6 p.m. on Tuesday, March 19, 2024.
The City Manager has extended the Preliminary Stage of the Exclusive Agreement to Negotiate by 28 days to March 30, 2024, to accommodate the new schedule.
Please visit the Brookfield Term Sheet page to view the documents released on February 15, 2024
Brookfield Term Sheet and Staff Report
The consideration of the Brookfield Term Sheet by the Local Reuse Authority, originally scheduled for February 20, 2024, has been postponed at Brookfield’s request to allow the community additional time to review both the Term Sheet and staff report.
The City Council is now set to consider the Term Sheet at a special meeting starting at 6 p.m. on Tuesday, March 19, 2024.
The City Manager has extended the Preliminary Stage of the Exclusive Agreement to Negotiate by 28 days to March 30, 2024, to accommodate the new schedule.
Below are the documents released on February 15, 2024:
- 1. Term Sheet 2024 Staff Report
- 2. Attachment 1 – BCUS Acquisitions LLC Term Sheet (Brookfield Term Sheet)
- 3. Attachment 2 – First Amendment to ENA
- 4. Attachment 3 – Land Use Plan and Tables
Previous:
- Nov 13 – Concord Set to Talk Concord Naval Weapons Station Term Sheet
- Aug 26 – Concord Selects Brookfield Properties as Developer for Base Reuse Project
- Aug 16 – HAP Withdraws from concord Naval Weapons Station, Grand Jury Report Also Out
