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File #: 19-0439    Version: 1 Name: CED - 1st & Main Agreement - 2-12-19
Type: City Council Status: Agenda Ready
File created: 1/17/2019 In control: City Council
On agenda: 2/12/2019 Final action:
Title: Successor Agency to the Redevelopment Agency - Development Committee recommends a Resolution of the City Council of the City of Riverside, California, as Successor Agency to the Redevelopment Agency of the City of Riverside approving the execution of a Purchase, Sale, and Development Agreement with Commons Partners, LLC, for $1,185,000 with not-to-exceed $10,000 for related title, escrow, and miscellaneous closing costs for the sale of 1.8 acres of Successor Agency-owned vacant land located at 3158-3250 Main Street and the historical Teague Texaco Gas Station located at 3102 Main Street, Riverside, California, for mixed-use retail and residential development - Waive further reading - Recommend Countywide Oversight Board adopt resolution approving Purchase, Sale, and Development Agreement with Commons Partners, LLC, for 1.8 acres of Successor Agency-owned vacant land located at 3158-3250 Main Street and historical Teague Texaco Gas Station located at 3102 Main Street, Riverside, Califor...
Attachments: 1. Report, 2. Resolution, 3. Agreement