26-2363
Adopt 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 Railroad Ave Storage LLC, for the sale of approximately 3.7 acres of Successor Agency-owned vacant land known as Madison at Railroad, bearing assessor’s parcel numbers 230-245-013, -015, portion of 230-233-013, and portion of 230-253-010, for the development of a mixed-use project including four affordable housing 3-bedroom homes and a self-storage facility, in the sale amount of $650,000 - Recommend that the Countywide Oversight Board adopt a Board Resolution authorizing the execution of the Agreement with Railroad Ave Storage, LLC, for the sale of the Property in accordance with the California Department of Finance approved Long-Range Property Management Plan (State Approved LRPMP, Site #25), to be presented to the Countywide Oversight Board for final consideration and approval - Waive further reading (Ward 5)
What this record is
- Held by
- Railroad Ave Storage LLC
- Amount
- $650K
- 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
- July 8, 2026
- On agenda
- August 11, 2026
Where it was heard
City Council City CouncilWatch what Riverside buys
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