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1 RiversideCA.gov1
RiversideCA.gov
PURCHASE AND SALE AGREEMENT WITH RIVERSIDE PACKING HOUSE, LLC FOR A 36-MONTH TEMPORARY CONSTRUCTION EASEMENT FOR THE PURCHASE PRICE OF $35,000City CouncilDecember 10, 2024Community & Economic Development Department RiversideCA.gov2
1. On February 9, 2017, the Transportation Committee unanimously recommended approval of the Third Street Grade Separation project along the BNSF line as top priority. 2. The item was approved by City Council on April 11, 2017.BACKGROUND1 2 11/26/2024
2 RiversideCA.gov3
1. The Third Street Grade Separation project proposes to construct a railroad underpass at Third Street and the BNSF railroad tracks requiring the realignment of Commerce Street.2. Several properties have been identified along Third Street to facilitate the project.3. The City proposes to acquire a 36-month, 1,462 square foot TCE from the property located at 3280 Vine Street.DISCUSSION RiversideCA.gov4
Riverside Packing House, LLC:1. 3280 Vine Street2. Zone: BMP with CR overlay3. 1,462 square foot, 36-month TCE4. Purchase Price - $35,000SUBJECT PROPERTY 3 4
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3 RiversideCA.gov5
Strategic Priority No. 5 –High Performing GovernmentGoal. 5.4 –Achieving and maintaining financial health by addressing gaps between revenues and expenditures and aligning with the strategic priorities to yield the greatest impact.Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov6
That the City Council:1. Approve the Purchase and Sale Agreement with Riverside Packing House, LLC for $35,000; and2. Authorize the City Manager, or his designee, to execute the Agreement with Riverside Packing House, LLC, including making minor and non-substantive changes to sign all documents and instruments necessary to complete the transaction.RECOMMENDATIONS5 6