Subdivision Development Agreement
Summary
Menifee just approved a security agreement for the new 192-lot Ladera subdivision, locking in bonds to guarantee all the promised landscaping and public upgrades actually get built. This ensures developers are on the hook to finish their work properly without leaving the city hanging.
At a glance
- Total mentions
- 5
- Last 30 days
- 5
Impact analysis
Taxpayers are protected because the developer has to put up bonds to pay for all public improvements and landscaping.
Future homeowners and the city win by getting guaranteed public improvements and nice landscaping right from the start.
No groups negatively affected
Mentions & discussions (5)
Planning Commission to consider 701-unit condo development Oct. 28 - Menifee 24/7
The Menifee Planning Commission will consider plans for a 701-unit condominium development during its Oct. 28 meeting.The project, known as Menifee 37, would be located north of Rouse Road, west of Menifee Road...
Menifee City Council approves security agreement change for Menifee Valley development
The Menifee City Council approved a security agreement substitution for the planned Menifee Valley subdivision.The 5-0 vote on October 7 authorizes the replacement of an existing lien agreement with security bonds. Minor Ranch, LLC, which owns the land, will provide a faithful performance bond o
Menifee City Council approves improvement agreement for Garbani Haven
The Menifee City Council approved the public improvement agreement for the planned Garbani Haven development.The city council voted 5-0 on October 7 to authorize the public improvement agreement. The agreement guarantees the completion of the public improvements for the project at the northwest
Kensington apartment complex planned for Bavaria Drive site - Menifee 24/7
A site previously prepared for an apartment complex in 2008 will serve as the base for a new residential project that will go before the Menifee Planning Commission on Oct. 14.The Kensington Project is designed...
Menifee City Council approves security agreement for Ladera development
The Menifee City Council approved a security agreement for the planned Ladera subdivision.The 5-0 vote on September 16 authorizes the city manager to execute a Subdivision Improvement Agreement to guarantee the completion of the required public landscape improvements for the tract map south of M
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