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File #: 22-1130    Version: 1
Status: Agenda Ready
File created: 3/18/2022 In control: City Council
On agenda: 4/19/2022
Title: Successor Agency to the 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 Gilbane Development Company for the sale of 3.9 acres of Successor Agency-owned vacant land, identified as Assessor Parcel Numbers 230-233-013, 230-245-013 and -015, and portion of 230-235-010, located on the south side of Railroad Avenue, between Madison Street and Jefferson Street, Riverside, California, for the development of a 120-unit, 100% affordable multi-family and senior housing residential project in the sale amount of $2,400,000 - Waive further reading - Recommend Countywide Oversight Board adopt a separate resolution authorizing the execution of Purchase, Sale, and Development Agreement with Gilbane Development Company for Successor Agency-owned vacant...
Attachments: 1. Report, 2. Resolution, 3. Agreement, 4. Presentation