At a special meeting on Tuesday, Sept. 19, the Concord City Council, sitting as the Local Reuse Authority (LRA), will review and consider approving an Exclusive Negotiating Agreement (ENA) with Brookfield Properties to develop 2,300 acres of the former Concord Naval Weapons Station.
At its meeting on Aug. 26, the LRA selected Brookfield as the preferred master developer for the Base Reuse project.
Once the ENA is approved, the two parties will work together over the next four months to prepare preliminary land use and financial plans as the basis for a Term Sheet. The Term Sheet, if accepted by the LRA, will serve over the following 24 months as the basis for writing a Specific Plan, Disposition & Development Agreement, and other documents to guide the project’s construction.
The agenda and staff report for this meeting will be posted to the City’s website by Friday at 5 p.m.