RIO VISTA — A land deal put on hold three months ago may move forward Tuesday when the City Council revisits a plan to sell off a piece of the city’s business park.
Both closed and open session items are scheduled for discussion and action about the land sale between the city and Rich Collins, the largest American grower of endive.
If the sale is approved, the purchase price for the nearly 6 acres will be $317,500, which the city would loan California Vegetable Specialties with an initial payment of $79,375 scheduled within 30 days of escrow closing, according to staff reports. Every subsequent year, the company would pay the city $79,375 plus 3 percent interest for a total annual payment of $81,756 for years two, three and four.
The item is back in the forefront after a delay. The sale came up for discussion in September after a 61-year-old deed restriction was lifted that prevented the sale of any land within the 99-acre area designated as the business park. The area is partially bounded by Airport Road and St. Francis Way. Collins has leased the land from the city since 1995.
Collins and the city were in negotiations in September for price and terms but a document problem arose, temporarily halting negotiations. Collins said he believes the problem stemmed from the property not being recorded or assigned an assessor’s parcel number, an identification number assigned by the tax assessor.
This will now be taken care of during escrow, he wrote in an email.
Collins said that he’ll be happy to finally be a landowning member of the Rio Vista business community.
“(It) just makes good long-term sense for each party,” he wrote.
At the beginning of open session, either the city attorney or the mayor will report on action taken during closed session. Closed session begins at 5 p.m. with the regular meeting beginning at 6 p.m. at One Main St.
For more information, go to riovistacity.com.
Reach Susan Winlow at 427-6955 or email@example.com. Follow her on Twitter at www.twitter.com/swinlowdr.