24-0790
Purchase, Sale and Development Agreement with Pelican Communities, LLC., for total sale price of $200, in lieu of receiving total value of the land of $1.83 million, the City will receive 60 dedicated parking stalls to support the Main Library at an estimated cost of $3.12 million, and title, escrow, and miscellaneous related closing costs for total not-to-exceed $10,000 shall be deducted from the $54,900 deposit, for City-owned vacant land, formerly known as the Downtown Terminal Property, for development of mixed-use student housing project at 3911 University Avenue and 3775 Fairmount Boulevard, identified as Assessor’s Parcel Numbers 214-252-019 and 213-261-029 (Community and Economic Development) (Ward 1) (10-minute presentation)
What this record is
- Held by
- Pelican Communities, LLC 4 records across this site
- Amount
- $1.83M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
- Field
- Real estate
real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
Pelican Communities, LLC also holds
Approve revised Schedule of Performance within Agreement with Pelican Communities, LLC, for sale and development of City-owned vacant land, formerly k… Purchase, Sale and Development Agreement with Pelican Communities, LLC., for sale price of $200 for City-owned vacant land formerly known as the Downt… Purchase, Sale and Development Agreement with Pelican Communities, LLC., for $920,000 minus related title, escrow, and miscellaneous closing costs, no…- Committee
- City Council
- Requested by
- Community Development
- Introduced
- February 29, 2024
- On agenda
- March 19, 2024
Where it was heard
City Council City CouncilWatch what Riverside buys
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