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File #: 25-681    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 7/10/2025 In control: City Council/Public Finance and Economic Development Authority/Parking Authority
On agenda: 7/21/2025 Final action:
Title: SUBJECT: Approval of a First Amendment to a Deposit and Reimbursement Agreement with MCYL1, LLC, Relating to the Annexation of the Yosemite Lake Village Project to the City of Merced, Generally Located at the Northeast Corner of G Street and Old Lake Road REPORT IN BRIEF Considers approving an amendment to the Deposit and Reimbursement Agreement with MCYL1, LLC, to change the payment schedule of the De Novo contract and to reimburse for City staff time to manage said contract. RECOMMENDATION City Council - Adopt a motion: A. Approving the First Amendment to the Deposit and Reimbursement Agreement with MCYL1, LLC; and, B. Authorizing the City Manager to execute the agreements.
Attachments: 1. Location Map.pdf, 2. Yosemite Lake Village Project Plan, 3. First Amendment to Deposit and Reimbursement Agreement, 4. Original Deposit and Reimbursement Agreement
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Report Prepared by: Jonnie Lan, AICP, Acting Planning Manager and Leah Brown, Management Analyst, Development Services Department

Title
SUBJECT: Approval of a First Amendment to a Deposit and Reimbursement Agreement with MCYL1, LLC, Relating to the Annexation of the Yosemite Lake Village Project to the City of Merced, Generally Located at the Northeast Corner of G Street and Old Lake Road

REPORT IN BRIEF
Considers approving an amendment to the Deposit and Reimbursement Agreement with MCYL1, LLC, to change the payment schedule of the De Novo contract and to reimburse for City staff time to manage said contract.

RECOMMENDATION
City Council - Adopt a motion:

A. Approving the First Amendment to the Deposit and Reimbursement Agreement with MCYL1, LLC; and,

B. Authorizing the City Manager to execute the agreements.

Body
ALTERNATIVES
1. Approve the First Amendment to the Deposit and Reimbursement Agreement; or,
2. Amend the First Amendment to the Deposit and Reimbursement Agreement (with specific amendments to be specified in Council motion); or,
3. Direct staff to make changes and return to Council at a later late; or,
4. Deny; or,
5. Continue the matter to a future Council meeting (date and time to be specified in motion).

AUTHORITY
The Cortese-Knox-Hertzberg Act of 2000 establishes procedures for city annexations and other local government changes in organization. Merced Municipal Code Title 19 spells out environmental review procedures for the City.

CITY COUNCIL PRIORITIES
On April 4, 2022, the City Council indicated general support for moving forward with an application for the annexation of the Yosemite Lake Village project to the City of Merced.

On June 3, 2024, the City Council approved the original Professional Service Agreement with De Novo and the original Deposit and Reimbursement Agreement with MCYL1, LLC, for this project.

DISCUSSION
Background

On April 4, 2022, the City Council reviewed Preliminary Annexation Application #21-06...

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