City of Signal Hill City Council Agenda April 14 2026
City Pursues Second ENA With Red Mountain Group
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Description
Signal Hill staff recommend approving a second Exclusive Negotiation Agreement with Red Mountain Group for the potential sale and commercial redevelopment of a 1.98-acre City-owned site on Cherry Avenue. The ENA establishes an initial 120-day exclusive negotiation period, extendable up to 240 days, with the developer funding all due diligence and third-party costs.
Contract Details
Vendor
RED MOUNTAIN GROUP
Agency
City of Signal Hill, CA
Contract Type
FACILITIES
Document Date
April 14, 2026
Contract Term
Initial 120 days with option for two additional 60-day extensions (total up to 240 days)
Renewal Info
Second ENA following a prior 240-day ENA that expired March 29, 2026; provides a new 120-day term with two optional 60-day extensions by mutual agreement. Developer provides a $10,000 deposit and covers all project-related costs during the negotiation period.
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