Malibu Bay Company Development Agreement

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Plan A

This plan would go into effect if the city does not purchase the Chili Cook-Off site within three years

-Chili Cook-Off site is developed

-MBC donates entire 18.87-acre Point Dume site for ball fields and community center

-MBC donates $5 million for ball fields and a community center.

Plan B

-City purchases Chili Cook-Off site for $25 million within three years

-MBC constructs a 5,000-square-foot community center at Point Dume

-MBC would develop its remaining Point Dume property under the current zoning laws

-MBC donates $2.5 to the city, of which $1.5 million must go toward ball fields and up to $1 million for capital facilities for an urgent care center.

-MBC commits itself to building a new urgent care facility on the St. John’s site

-MBC grants a conservation easement in Trancas Creek for creek restoration and construction of a footbridge that will link trails from the commercial site to a path leading to the beach

-Architect Ed Niles’ design will be used for the Trancas commercial property

-If the city is unable to purchase the Chili Cook-Off property in three years, Plan A goes into effect

*There is additional development included in both agreements that is the same. It includes development on the MBC’s Ioki and Island sites. Also, there are plans for commercial and residential development on its Trancas property.

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