25-3435
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)
What this record is
- Held by
- R. C. Hobbs Company, Inc
- Amount
- $560K
- 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.
- Committee
- City Council
- Requested by
- Community Development
- Introduced
- October 8, 2025
- On agenda
- November 4, 2025
Where it was heard
City Council City CouncilWatch what Riverside buys
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