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 R. C. Hobbs Company, Inc. for the Sale of 0.945 Acres of Successor Agency-Owned Vacant Land, Identified as Assessor Parcel Numbers 146-231-016, -017, -027, -031, -032, -033, -034, and -036, located on the Southeast Corner of Hole and Bushnell Avenues, Riverside, California, for the Development of a 33-unit, with 15 percent Affordable Multi-Family Residential Project for Sale Amount of $560,000 - Waive further reading - Recommend Countywide Oversight Board adopt a Board resolution authorizing the execution of Agreement with R. C. Hobbs for sale of property in accordance with California Department of Finance approved Long-Range Property Management Plan (State Approved LRPMP), to be presented to Countywide Oversight Board for final consideration and approval (Ward 7)

Successor Agency to Redevelopment Agency Agenda Ready Introduced October 8, 2025

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