Second 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

Transportation Related Project: Limonite/I-15 Interchange Project

• 8 Properties in Project. • All offers presented.

• All lawsuits filed. Court granted County’s Motion for Prejudgment Possession. • Hamner Park Associates – Mediation scheduled for December 18, 2019. • Request for Production of Documents completed. • Deposition in process with PMK (Persons Most Knowledgeable) • Construction in process.

Transportation Related Project: Jurupa Grade Separation Project 210 properties in Project

• 9 Offers presented, in negotiations. • Granted prejudgment possession. 09/17/2019 for 76 Gas Station • 1 Offer accepted (Lacko), agreement and Form 11 in process. • 1 Tenant (Dog Groomer’s) relocated. • 2 Tenants in process of being relocated (El Colima restaurant and Laundromat). • 4 Appraisals in process. • 3 Properties waiting for legal descriptions and plat maps to be appraised. • 3 Property potentially to be re-appraised.

Hamner Bridge Replacement Project

• 6 Properties in Project • 3 offers presented, 1 accepted. • 3 Remaining appraisals in review.