Fifth District Update_Feb 2020

REAL ESTATE

RDA Long Range Property Management Plan (Plan)

• Plan completed and submitted to Department of Finance and now approved by DOF. • Marketing Plan approved by Successor Agency and proceeding with all Marketing efforts. • The following is our LRPMP disposition update: o 21 projects sold/transferred. o 4 in negotiations. o 0 in escrow. o 11 projects in various marketing stages.

Riverside University Medical Center - M.O.B.

• Final Agreements approved by Board on November 14, 2017. • Panera Opening Ceremony was held on, December 12, 2019 at 2pm. • M.O.B. Substantial Completion occurred on December 13, 2019. • Equipment being installed, M.O.B. Opening targeted for March 31, 2020

Menifee Library Project – 20,000 SF

• Awarded to Omni-West with Lease negotiations and design in progress. • Targeting Board approval April – May 2019. • Form 11A approved by Board on April 16, 2019. • CIP Approved, April 22, 2019. • Ground Lease & Facilities Lease and Ordinance approved by BOS on April 30, 2019. • Project approved by the DAC on July 11, 2019. • Project approved by the Board of Supervisors on July 23, 2019. • Finance Closing completed, project meetings and design meetings in progress. • Ground breaking expected First Quarter of 2020.

Transportation Related Project: Cabazon Sidewalk Project

• 15 TCE’s and 3 Permanent Easements needed for Project