Agenda Item Wording:
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Reimbursement Agreement Amendment - Authorize the City Manager to execute an amendment to the existing reimbursement agreement with Visalia Shirk, LLC., established with the development of the apartment complex "Tuscany Villas", located at the northeast corner of Shirk Street and Doe Avenue.
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Prepared by:
Adrian Rubalcaba, Sr. Project Manager, adrian.rubalcaba@visalia.city, (559)713-4507
Jason Huckleberry, Engineering & Building Director, jason.huckleberry@visalia.city, (559)713-4495
Department Recommendation:
Staff recommends that City Council authorize the City Manager to execute the amendment to the existing reimbursement agreement established with Visalia Shirk, LLC.
Summary:
Visalia Shirk, LLC (developer) is requesting an amendment to its existing reimbursement agreement for the Tuscany Villas apartment project, originally approved by Council in June 2020 for $1,009,433.63. Actual public improvement costs exceeded the estimate by $379,993.44, a figure verified by the Development Reimbursement Review Committee (DRRC) in March 2025. The project is complete, and the original reimbursement has been fulfilled through a mix of cash payment and impact fee credits. If approved, the developer now requests to transfer the remaining reimbursable balance to a newly planned multi-family project at Shirk Street and Ferguson Avenue. Per the reimbursement agreement provisions, an amendment setting forth the transfer and final adjusted reimbursement costs is required. Staff recommends Council authorize the City Manager to execute the amendment.
Background Discussion:
Tuscany Villas is a 200-unit apartment complex that was developed by Visalia Shirk, LLC., located at the northeast corner of Shirk Street and Doe Avenue. Per the conditions of approval, under Conditional Use Permit No. 2017-08, the project was required to widen its adjacent public street frontages and install storm and sewer infrastructure in accordance with the City's Ci...
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