Report Prepared by: Leah Brown, Senior Planner, Development Services Department
Title
SUBJECT: Adoption of a Resolution Approving a Deposit, Reimbursement, and Contribution Agreement (Services Only) for Lennar Homes of California, LLC
REPORT IN BRIEF
Consider adopting a Resolution and approving a deposit, reimbursement, and contribution agreement for services only by and between the City of Merced (City) and the Lennar Homes of California, LLC (Lennar) to providing a funding mechanism for the costs associated with the creation of a Citywide Community Facilities District (CFD) of which it will be a part.
RECOMMENDATION
City Council – Adopt a motion:
A. Adopting Resolution 2026-75, a Resolution of the City Council of the City of Merced, California, approving deposit, reimbursement and contribution agreement with Lennar Homes of California, LLC to facilitate the formation of a citywide community facilities district; and,
B. Approving the Deposit, Reimbursement and Contribution Agreement by and between Lennar Homes of California, LLC and the City; and,
C. Authorizing the Finance Officer to accept developer deposits in the amount of $30,000.00 received pursuant to the Deposit, Reimbursement and Contribution Agreement and appropriate said funds into the appropriate account for Citywide CFD formation activities; and
D. Authorize the City Manager to execute the agreement and make minor modifications, if needed, with the City Attorney’s approval as to form.
Body
ALTERNATIVES
1. Approve, as recommended by staff; or,
2. Approve, subject to conditions other than as recommended by staff; or,
3. Deny; or,
4. Continue to a future meeting.
AUTHORITY
Charter of the City of Merced, Section 200
CITY COUNCIL PRIORITIES
As provided for in the 2026-2027 Adopted Budget.
DISCUSSION
The properties controlled by Lennar are approximately 73.7 acres of land located at 3345, 3351, and 3610 East Gerard Avenue. A General Plan Amendment, Vesting Tentative Subdivision...
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