Fourth 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

RUHS - New Public Health Clinic - Leased Facility Palm Springs – 35,000 SF

 RFP completed and advertised, deadline for responses, April 16, 2018.  Panel Interviews took place on June 11, 2018.  Boureston Companies selected to negotiate lease and pursue design meetings.

 Project on Northwest Corner of Tahquitz and Sunrise.  Design and Lease negotiation project meetings underway.  BOS Lease approval targeted for November 05, 2019.  Board approved lease on November 19, 2019.  RUHS wants change in interior improvements to accommodate enlarged Behavioral Health component; assessing design and cost impact.

DHS Library Project – 15,500 SF

 Library design/programming commencing.  Selected Omni-West with Lease negotiations and design in progress.  Form 11A approved by Board on April 16, 2019.  CIP Approved item on 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 in progress.  Expected ground breaking in First Quarter of 2020.

Transportation Related Project: Felix Appleby Elementary School (Sidewalk Project)

 3 signed on August 29, 2017 Board agenda; all closed escrow.  Fully executed Settlement Agreement and payment completed with Joey DeConick (farming tenant)