The City of Concord Local Reuse Authority (LRA) and master developer Brookfield Properties are making substantial progress in negotiating the Term Sheet for the redevelopment of the former Concord Naval Weapons Station.
As discussions continue, the parties expect it to be ready for release and consideration by the City Council on Tuesday, Feb. 20.
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. 

UPDATE: Meeting moved to March 19