Concord agrees to negotiate exclusively with latest weapons station property developer

The Concord City Council has unanimously passed a resolution approving an exclusive agreement to negotiate (EAN) between the city and Brookfield Properties to develop the former Concord Naval Weapons Station project.

The agreement allows for a 120-day initial negotiating period, to allow Brookfield to prepare and propose a term sheet to the city. It also specifies a 24-month period for the developer to complete a specific plan, environmental impact report, and a disposition and development agreement, all of which must be approved by the city.