Agenda Item Wording:
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Reimbursement agreement amendment – Authorize the City Manager to approve the amendment to the reimbursement agreement for the River Run Ranch Phases 8, 9 & 10 subdivision.
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Agenda Date: 11/16/2026
Prepared by:
Jason Huckleberry, Director of Eng & Building Dept, jason.huckleberry@visalia.gov, (59)713-4495
Department Recommendation:
Staff recommends authorizing the City Manager to execute the amendment to the existing reimbursement agreement for right-of-way dedications associated with the River Run Ranch Phase 8, 9 & 10 subdivision.
Summary:
The developer of the River Run Ranch Phase 8, 9 & 10 residential subdivision, Century Communities of CA LLC, has requested an amendment to the existing reimbursement agreement for roadway dedications. The requested amendment will transfer a portion of the reimbursement to another entity and provide for cash reimbursement of the transferred amount rather than fee credits as originally stated within the reimbursement agreement.
Background Discussion:
The developer of River Run Ranch Phase 8, 9 & 10, Century Communities of CA, LLC, entered into a development reimbursement agreement with the City of Visalia for right of way dedications consistent with the transportation impact fee program. The reimbursement agreement specified that reimbursement would exclusively be provided in the form of transportation impact fee credits for permits issued within the development.
Based upon prior commitments to the previous landowner, the developer now wishes to transfer a portion of the fee credits from the reimbursement agreement to the previous landowner, Quest Equity, LLC. Additionally, because the previous landowner will not be engaged in building homes in the development, fee credits will not be able to satisfy the reimbursement obligation and the proposed amendment to the reimbursement agreement will allow for cash reimbursement to Quest Equity LLC.
The original reimbursement agreement was for...
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