City Council

22\nA Resolution of the City Council of the City of Riverside, California, as Successor\nAgency to the Redevelopment Agency of the City of Riverside Approving a\nPurchase, Sale, and Development Agreement with R. C. Hobbs Company, Inc. for\nthe Sale of 0.945 Acres of Successor Agency-Owned Vacant Land, Identified as\nAssessor Parcel Numbers 146-231-016, -017, -027, -031, -032, -033, -034, and\n-036, located on the Southeast Corner of Hole and Bushnell Avenues, Riverside,\nCalifornia, for the Development of a 33-unit, with 15 percent Affordable Multi-Family\nResidential Project for Sale Amount of $560,000 - Waive further reading Recommend Countywide Oversight Board adopt a Board resolution authorizing the\nexecution of Agreement with R. C. Hobbs for sale of property in accordance with\nCalifornia Department of Finance approved Long-Range Property Management Plan\n(State Approved LRPMP), to be presented to Countywide Oversight Board for final\nconsideration and approval (Ward 7)\nAttachments:\nReport\nResolution\nPurchase, Sale, and Development Agreement