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1 RiversideCA.gov
FIRST AMENDMENT TO PURCHASE, SALE
AND DEVELOPMENT AGREEMENT WITH
THE RIVERSIDE TRANSIT AGENCY
City Council
DECEMBER 13, 2022
Community & Economic Development Department
RiversideCA.gov
2 1. May 22, 2017, City and RTA entered into a Purchase, Sale and Development Agreement for the relocation of the
multi-modal transit center from 3911 University to 4015 – 4085 Vine Street.
2. RTA determined the need for the adjacent property
located at 4125 Vine Street for their project. As a result, the City is required to abandon the 11
th Street well and
have well relocated to another location.
BACKGROUND
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3 3. May 6, 2021, Council approved Purchase, Sale and
Development Agreement with RTA for the sale of 4125
Vine Street including reimbursement to the City, up to
$30,000, for the relocation of the 11
th Street well.
4. Per the agreement, City required to complete the
relocation on or before June 30, 2022, as to not delay
the construction of the Mobility Hub Project.
BACKGROUND
RiversideCA.gov
4 1. City unable to complete drilling needed to relocate well and associated piping by deadline.
2. RTA proposes First Amendment
a) Cancel escrow
b) Return $30,000 to RTA
c) If occurred, City to cover costs of any damages
to easement property related to drilling, pipe
relocation, and maintenance
d) If city noes not commence with the well relocation by June 30, 2032, RTA will terminate the easement
e) RTA to reimburse City up to $30,000 within 30 days of receipt of an invoice
DISCUSSION
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5 SITE MAP
RiversideCA.gov
6 Priority 6 – Infrastructure, Mobility & Connectivity
Goal 6.2 Maintain, protect and improve assets and
infrastructure within the City’s built environment to ensure and enhance reliability, resiliency, sustainability, and facilitate connectivity.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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7 That the City Council:
1. Approve the First Amendment to the Purchase, Sale and Development Agreement between Riverside Transit Agency and the City of Riverside for 4125 Vine Street to extend the term of the agreement for ten years until June 22, 2032; Cancel escrow and return the Eleventh Street Well Piping relocation deposit of $30,000; and
2. Authorize the City Manager, or designee, to execute the First Amendment, including making min or and non-substantive changes, and to sign all documents and instruments necessary to complete the transaction in accordance with all purchasing policies.
RECOMMENDATIONS
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