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1 RiversideCA.gov
1 RiversideCA.gov
APPROVE THE PURCHASE, SALE AND DEVELOPMENT
AGREEMENT WITH JAMES E. THORNELL FOR THE SALE OF
APPROXIMATELY 11,361 SQUARE FEET OF VACANT CITY-
OWNED LAND FOR THE SALE PRICE OF $125,000
CITY COUNCIL
June 13, 2023
Community & Economic Development Department
RiversideCA.gov
2 1. Enacted in 1968, the Surplus Land Act requires all local agencies to prioritize affordable housing when
disposing surplus land.
2. On January 25, 2006, City Council approved the
Jurupa Avenue Grade Separation Project which
initiated the reconstruction of the Union Pacific
railroad crossing at Jurupa Avenue to reduce the
traffic congestion by building a two-track railroad
bridge.
BACKGROUND
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3 3. On July 11, 2006, City Council approved the
acquisition of the Property required for the
construction of the Jurupa Avenue Grade Separation
Project.
4. In 2014, the State amended the Surplus Land Act to
better define what constitutes a qualified proposal,
prioritize proposals to encourage the most units at the deepest affordability, and provide more realistic
timeframes to make and negotiate offers.
BACKGROUND
RiversideCA.gov
4 BACKGROUND
5. On December 18, 2018, City Council approved the
surplus declaration and authorized the marketing and
sale of the Property at fair market value per the City’s Administrative Manual Section 08.003.00 for the
Disposition and Sale of City-Owned Real Property.
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5 1. The Property is a remnant parcel from the Jurupa
Avenue Grade Separation Project.
2. The consultant, James E. Thornell, proposes to
construct a single-family residence at the site.
3. The Property, as shown on the aerial site map below, is zoned R-1-7000, Single-Family Residential, and is
currently vacant.
4. The proposed construction is in keeping with the
General Plan and will stabilize and revitalize the
neighborhood.
DISCUSSION
RiversideCA.gov
6 AERIAL SITE MAP
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7 5. An independent third-party appraiser provided an appraisal that concluded a value of $115,000 in its as-is condition. Staff reviewed the report and determined that the appraised value represents the current fair market value.
6. James E. Thornell was awarded the bid with his offer of $125,000, which was the highest final bid.
7. The basic term of the agreement provides for a 90-day escrow in which the Buyer shall have a 30-day due diligence period to review the physical and environmental conditions of the property and any other matters affection the property.
DISCUSSION
RiversideCA.gov
8 Strategic Priority No. 5 – High Performing Government Goal No. 5.4 – Achieving and maintaining financial health by addressing gaps between reve nues and expenditures and
aligning resources with strategic priorities to yield the greatest impact.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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9 That the City Council:
1. Approve the Purchase, Sale and Development Agreement with James E. Thornell for the sale of approximately 11,361 square feet of vacant City-owned land located at 6018 William Street, bearing Assessor’s Parcel Number 190-033-029 for the Sale price of $125,000
2. Authorize the City Manager, or his designee, to execute the agreements, including making minor, non-substantive
changes, and to sign all documents necessary to complete the transaction.
RECOMMENDATIONS
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