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File #: 20-2773    Version: 1 Name: CED- R.C. Hobbs Agreement-10-27-2020
Type: City Council Status: Agenda Ready
File created: 10/14/2020 In control: City Council
On agenda: 10/27/2020
Title: Successor Agency to Redevelopment Agency - Economic Development, Placemaking and Branding/Marketing 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 a Purchase, Sale, and Development Agreement with R.C. Hobbs Company, Inc. for $560,000 with title, escrow, and miscellaneous related closing costs total not-to-exceed $15,000 for sale of approximately 0.95 acres of Successor Agency-owned vacant land, identified as Assessor Parcel Numbers 1146-231-016, 146-231-017, 146-231-027, 146-231-031, 146-231-032, 146-231-033, 146-231-034, AND 146-231-036, known as Five Points, located at the southeast corner of Hole and Bushnell Avenues, Riverside, California - Waive further reading - Recommend Countywide Oversight Board adopt resolution approving Purchase, Sale and Development Agreement with R.C Hobbs Company - Southeast corner of Hole and Bushnell Avenues (Ward 7)
Attachments: 1. Report, 2. Resolution, 3. Agreement