City Council

7 A Resolution of the City Council of the City of Riverside, California, as Successor\nAgency to the Former Redevelopment Agency of the City of Riverside authorizing a\nProperty Management Agreement with Realicore LLC., doing business as Realicore\nReal Estate Group, in the amount of $4,400.00 per month for approximately\n$257,173 from May 2025 through December 2029 for Commercial Property\nManagement Services and leasing services of the ground floor retail and office\nspace of the California Tower, for the term of One (1) year with an option to extend\nfor up to an additional Four (4) years for the California Tower located at 3737 Main\nStreet, Riverside, California - Waive further reading - Recommend Countywide\nOversight Board adopt a Resolution authorizing the execution of the Property\nManagement Agreement with Realicore for ground floor retail and office space at\nCalifornia Tower, in accordance with the California Department of Finance\napproved Long-Range Property Management Plan, to be presented to the\nCountywide Oversight Board for final consideration and approval (Ward 1)\nAttachments: Report