City Council

41\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 Grapevine Development, LLC., for\nthe Sale of Approximately 1.86 Acres of Successor Agency-Owned Vacant Land\nlocated at 2731-2871 University Avenue, Riverside, California, for $1,050,000 for\ndevelopment of mixed-use project including 15 percent affordable housing units -\nWaive further reading - Recommend Countywide Oversight Board adopt a Board\nresolution authorizing execution of Agreement with Grapevine for sale of Property in\naccordance\nwith\nthe\nCalifornia\nDepartment\nof\nFinance\napproved\nLong-Range\nProperty\nManagement\nPlan,\ncontingent\nupon\napproval\nand\nexecution\nof\na\nDisposition and Development Agreement between Housing Authority of the City of\nRiverside and Grapevine for adjacent property located at 2882 Mission Inn Avenue,\nidentified as Assessor’s Parcel Number 211-131-001 (Ward 1)\nReport\nResolution\nPurchase, Sale and Development Agreement\nAttachments: