First 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

RCCD Ground Lease – Ben Clark Public Safety Training Center

• 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, 2019. • In plan check with State Architect. • Project meetings in progress. • Project approved by Board of Supervisors on November 19, 2019, item 3.33 • Authorization for EDA to provide oversight for the purchase of three residences by the Social Worker Action Group in Lake Elsinore, Wildomar, Perris or the unincorporated areas of District 1. • Offer made on 45011 Carla Court, Lake Elsinore – Receiving feedback from city of Lake Elsinore. • City will not approve 45011 Carla Court, Lake Elsinore. SWAG received city of Lake Elsinore approval to acquire 137 E. Prospect, Lake Elsinore, SWAG made offer which was accepted by the Seller, subject to SWAG’s due diligence.

Homeless Emergency Aid Program:

Transportation Project: Cajalco Safety Project

• Total of 24 properties in project. • Right of Way Certification approved by Caltrans. • Temporary Construction Easements are expiring before construction commences. In process of obtaining an Amendment to TCE’s

Transportation Project: Temescal Canyon Road Widening (Dos Lagos)

• Total of 19 properties in project. • All offers presented. • 14 completed and closed escrow.