Approve revised Schedule of Performance within Agreement with Pelican Communities, LLC, for sale and development of City-owned vacant land, formerly known as Downtown Terminal Property, for development of mixed-use student housing project - Approve assignment of all rights and obligations under agreement with Pelican Communities, LLC, to Overland Pelican Riverside, LLC, consistent with developer’s established joint-venture structure - 3911 University Avenue and 3775 Fairmount Boulevard (Ward 1)

What this record is

Held by

Pelican Communities, LLC 4 records across this site

Runs until

no end date published in this record

Type

contract

Read automatically from the title of the official record. The source document below is authoritative.

Pelican Communities, LLC also holds

Purchase, Sale and Development Agreement with Pelican Communities, LLC., for sale price of $200 for City-owned vacant land formerly known as the Downt… $200 Riverside, CA 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… $1.83M Riverside, CA Purchase, Sale and Development Agreement with Pelican Communities, LLC., for $920,000 minus related title, escrow, and miscellaneous closing costs, no… $6K Riverside, CA

Committee

City Council

Requested by

City Clerk

Introduced

May 14, 2026

On agenda

July 14, 2026

Where it was heard

City Council Jul 14, 2026 City Council Jul 14, 2026