 Ultimately, the city made the decision to agree to these terms so that the plan could proceed. The authorized letter of intent will now go to the Coastal Conservancy along with an appraisal to support the sale. The Coastal Conservancy will decide on whether to okay the sale in September. The council says they hope to close escrow on the Point Malati sale by the end of the year. For KPFA News, I'm Chloe Behrens in Richmond.