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File #: 21-1322    Version: 1 Name: CED - 4125 Vine Street, RTA - 5-4-2021
Type: Community and Economic Development Status: Agenda Ready
File created: 4/7/2021 In control: City Council
On agenda: 5/4/2021
Title: A Resolution of the City Council of the City of Riverside, California, pursuant to Assembly Bill 1486 declaring as exempt surplus the property located at 4125 Vine Street Riverside, California - Waive further reading - Purchase, Sale and Development Agreement with Riverside Transit Agency for total of $435,000 including $155,000 for approximately 23,958 square feet of vacant City-owned land, $250,000 fair market value for 11th Street Well use, and $30,000 for 11th Street Well relocation with not-to-exceed $7,500 for related title, escrow, and miscellaneous closing costs - Funds transfer (Ward 2)
Attachments: 1. Report, 2. Resolution, 3. Agreement