Timeline for the Phillip Road Site
City of Roseville declared farmland located at 6382 Phillip Road as “surplus” property, without issuing a Notice of Availability (NOA) as required by Government Code section 54222.
City Manager signed Exclusive Right to Negotiate Agreement (ERNA) with Panattoni >> City of Roseville Resolution No. 20-443 On 11/18/2020 City Council adopted a resolution authorizing the City Manager to execute the Exclusive Right to Negotiate Agreement (ERNA) with PDC Sacramento LPIV, LLC for purchase of the farmland at 6328…
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City of Roseville signed industrial development agreement with Panattoni >> City of Roseville Resolution No. 21-080 City Manager executed Option and Purchase and Sale Agreement (“PSA”) between City of Roseville and industrial developer (Panattoni Development Corporation, aka PDC Sacramento LPIV, LLC). $34,519/acre does not reflect fair market value (FMV) price…
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ROSEVILLE COUNCIL COMMUNICATION | Meeting Date: 11/17/2021 Staff recommends that the City Council adopt a resolution authorizing the City Manager to execute a First Amendment to Option and Purchase and Sale Agreement with PDC Sacramento LPIV, LLC for property located at 6382 Phillip Road. According to this initial extension, the…
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Extension of “Due Diligence Period” to be 180 days from the time that Buyer is issued entitlements by the City of Roseville. Second Amendment makes the duration of the Purchase and Sale Agreement ("PSA") temporally indefinite (open-ended). Buyer is Panattoni aka PDC Sacramento LPIV, LLC. Concerning performance of the exclusive…
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On December 4, 2023 California's Housing and Community Development (HCD) sent to the City of Roseville a Notice of Violation (NOV) concerning the City's violation of California Surplus Land Act (SLA). If the City does not cure or correct all such violations by February 4, 2024, and elects to proceed…
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