Riverside Accepting Proposals for Land Sale
The City of Riverside is soliciting proposals from qualified parties to purchase a City-owned industrial lot located at 3910 NW Helena Rd in the Horizons Business Park. The subject property is currently undeveloped and is part of the L-385 Tax Increment Financing (TIF) district.
The purpose of this RFP is to identify a developer with the interest, resources, and experience to purchase and develop the property into a desirable addition to the Horizons Business Park. Preference will be given to buyers prepared to close quickly on the property and construct a building consistent with the surrounding development.
Proposals will be accepted until 4:00 p.m. on Thursday, August 12, 2021. A City review committee consisting of City staff will review all proposals and make a recommendation to the Board of Aldermen. After selection by the Board, City staff will enter into negotiations with the successful respondent for a sale and purchase agreement, and if necessary, a development agreement.
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