First District Report December 2019

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.  Marketing Plan has been delayed due to new approval of ROPS.  Approval of ROPS 19/20 in progress.  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.  Ground Lease and Facilities Lease Agreements approved by Board of Supervisors.  Project in Construction stage. Shell/Core, TI, Connection Point, and Equipment Coordination planning meetings in progress.  Final Agreements approved by Board on November 14, 2017.  Restaurant RFP results in Award to Panera Bread. Selection with Lease negotiations being finalized; Lease to be sent to County Counsel for final approval. Lease approved by Board on June 4, 2019, tenant improvements underway.  Panera tenant improvements underway, Panera Grand Opening scheduled for November 19, 2019.  Completion of M.O.B. expected December 2019. Ahead of schedule and under budget.  Panera Opening Ceremony planned for Thursday, December 12, 2019 at 2pm.  3021 Franklin Avenue, Riverside.  County owned building, total size: 40,850 square feet.  Probation currently occupies 15,512 square feet.  Reentry Facility Program will require entire 40,850 square feet.  P3 Project, Operator to improve the building turnkey and run Reentry Program.  Long Term Lease with Operator, Operator to finance improvements.  Potential for approximately 200 Residents.  Funding Source: California Department of Corrections and Rehabilitation (CDCR).  Executive office meeting to discuss project financing overview held on March 14th.  Lease Agreement negotiations continuing.  RCCD and County Partnership to allow RCCD to construct a 17,350 square foot office building and a future 39,200 square foot office building for use as a public safety training center classroom facility at the Ben Clark Public Safety Training Center, on approximately 3.41 acres of land.  The project is facilitated through a Ground Lease from County to RCCD for 49 years at $1.00 per year in exchange for Districts obligation to plan and construct and operate the facilities and related programs.  RCCD to contribute $500,000 to County towards Ben Clark infrastructure costs within 36 months of lease execution.  Ground Lease approved by Board on February 26 th .  In plan check with State Architect.  Project meetings in progress.

Riverside University Medical Center - M.O.B.

Reentry Facility – Probation Department

RCCD Ground Lease – Ben Clark Public Safety Training Center

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