City Council Memorandum
TO: HONORABLE MAYOR AND CITY COUNCIL DATE: SEPTEMBER 1, 2026 FROM: COMMUNITY & ECONOMIC DEVELOPMENT WARD: 1
DEPARTMENT
SUBJECT: FIRST AMENDMENT TO THE EXCLUSIVE NEGOTIATING AGREEMENT WITH ADRENALINE SPORTS RESORTS COLLABORATIVE TO EXTEND THE CONTRACT TERM ONE YEAR THROUGH SEPTEMBER 2, 2027 FOR THE ACQUISITION AND DEVELOPMENT OF 126 ACRES OF CITY-OWNED PARCELS (APN 246-060-011, 206-070-002 AND 206-070-003) FOR DEVELOPMENT OF THE RIVERSIDE ADVENTURE CENTER AND MIXED-USE TOWN CENTER DEVELOPMENT FOR PROPERTY WITHIN THE NORTHSIDE SPECIFIC PLAN ISSUE:
Consider approving the first amendment to the Exclusive Negotiating Agreement with Adrenaline Sports Resorts Collaborative to extend the contract term one year through September 2, 2027, for the acquisition and development of 126 acres of City-owned property for development of the Riverside Adventure Center and Mixed-Use Town Center Development for property within the Northside Specific Plan.
RECOMMENDATIONS:
That the City Council:
Approve the first amendment to the Exclusive Negotiating Agreement with Adrenaline Sports Resorts Collaborative to extend the contract term one year through September 2, 2027; and Authorize the City Manager, or his designee, to execute the First Amendment to the Exclusive Negotiating Agreement with Adrenaline Sports Resorts Collaborative, including making minor and non-substantive changes.
BACKGROUND:
On October 7, 2024, the City issued a Notice of Availability for 126 acres of City-owned property located in the Northside Neighborhood pursuant to the Surplus Land Act, Government Code sections 54220 et seq. On December 6, 2024, Adrenaline Sports Resorts Collaborative responded to the Notice of Availability with proposals to acquire and develop said Property. After a competitive bid process and review of proposals by the Evaluation Committee, The Adrenaline Sports Resorts Collaborative proposal was selected. The proposal includes:
722 housing units with 25% reserved as affordable housing in compliance with the Surplus Land Act and Notice of Availability; Four-story, 150 room, 91,500 square foot Adventure Center Hotel and Conference Center; 20,000 square foot athlete hostel;
Town Center with commercial and 360,000 square feet retail uses including a 45,000 square foot grocery store, restaurants and Main Street retail; A sports adventure center that serves as a highly amenitized public park with programs that will drive job creation and bring benefits to the community. This will include biking, hiking, trails, climbing, kids play areas, open space and connection to Reid Park and open to the public.
The Riverside Adventure Center will be open to the public and will become a community gathering place rooted in healthy living, sharing the goals of the City’s Blue Zones pursuit; and Create 2,800 jobs
On March 3, 2025 the City entered into an Exclusive Negotiating Agreement (ENA) with Adrenaline Sports Resorts Collaborative to establish a framework for the negotiation of the Disposition and Development Agreement ("DDA") of the City-owned site. The ENA also establishes a process for the exchange of information between the City and Developer during negotiations so that the City and Developer have access to relevant necessary information during the negotiation process. Lastly, the ENA reserves the City to either approve or deny the proposed DDA and related land use entitlements and likewise does not obligate the Developer to accept the terms of the proposed DDA. Any such determinations will only occur after completion of CEQA and City Council consideration of the proposed project and DDA.
DISCUSSION:
The proposed amendment changes the term of the contract from September 2, 2026 to September 2, 2027. This allows for negotiation of the terms of a binding agreement to be finalized and for internal and external partners to collaborate and refine the overall structure of these legacy projects in the Northside.
FISCAL IMPACT:
There is no fiscal impact to the City as a result of approving this action. The Exclusive Negotiating Agreement (ENA) with Adrenaline Sports Collaborative requires a deposit from the Developer team to be placed in an account identified by City Finance and to be used to offset any cost related to the ongoing negotiation of the terms of a binding agreement incurred by the City.
Prepared by: Paige Montojo, Special Projects Manager
Approved by: Miranda Evans, Community & Economic Development Director Certified as to
availability of funds: Julie Nemes, Finance Director Approved by: Thomas Hatch, Interim City Manager Approved as to form: James Johnson, City Attorney
Attachments:
First Amendment to Exclusive Negotiating Agreement with Adrenaline Sports Resorts Collaborative.
Northside ENA – Adrenaline Sports Resorts Collaborative ● Page 2