2020/08/05 Lennar Homes of California, Inc. Community Facilities Improvements- School facilites DocuSign Envelope ID:ODA24126-F909-40DO-B6B2-A3BFAAA82628
COMMUNITY FACILITIES DISTRICT NO. 2020-1
OF THE CITY OF MENIFEE (MCCALL MESA)
JOINT COMMUNITY FACILITIES AND
SCHOOL FACILITIES MITIGATION AGREEMENT
THIS JOINT COMMUNITY FACILITIES AND SCHOOL FACILITIES MITIGATION
AGREEMENT ("Agreement") is made and entered into as of the 5 day of August , 2020,
by and among the CITY OF MENIFEE, a general law city (the"City"), the ROMOLAND SCHOOL
DISTRICT, a California public school district organized and operating pursuant to the applicable
provisions of the California Education Code and the California Constitution (the "School District")
and LENNAR HOMES OF CALIFORNIA, INC., a California corporation ("Property Owner").
RECITALS:
A. Property Owner is the owner of certain real property (the"Property") located within
the boundaries of the City and School District, consisting of approximately two hundred fifty-eight
(258) lots on approximately eighty-six (86) gross acres within Tentative Tract Map 31098 (the
"Project") and as more fully described in Exhibit "A" attached hereto.
B. The Project will require the payment to School District of all or a part of School
Fees (defined below) required to finance School Facilities (defined below). In lieu of the School
Fees, the Mitigation Amount (as defined below) is expected to be paid to School District, in whole
or in part, from Bond Proceeds (defined below) of the hereinafter described Community Facilities
District (the "CFD"). The City Facilities, the Water District Facilities (each as defined below) and
School Facilities are sometimes collectively referred to herein as the "Facilities."
C. Pursuant to Property Owner's request, the City Council of the City, has formed or
is in the process of forming the hereinafter described CFD pursuant to the Act to finance all or a
portion of the Facilities. The City will have responsibility for the formation and administration of
the CFD.
D. The City is authorized by Section 53313.5 of the Act to finance, by means of the
CFD, the School Facilities. This Agreement constitutes a "joint community facilities agreement"
("JCFA") within the meaning of Section 53316.2 of the Act by and among the City, School District
and Property Owner, pursuant to which the CFD will be authorized to finance the School Facilities.
Pursuant to Section 53316.2(b) of the Act, a JCFA may be approved by two or more public
agencies prior to the adoption of a resolution authorizing the issuance of bonds. As provided by
Section 53316.6 of the Act, responsibility for constructing, maintaining and operating the City
Facilities is the City's to the extent set forth herein and responsibility for constructing, providing
and operating the School Facilities is delegated to School District.
E. The provision of the City Facilities, the Water District Facilities and School Facilities
is necessitated by the Project, and the Parties hereto find and determine that the residents of the
City, School District and CFD will be benefited by the financing of the City Facilities and School
Facilities, and that this Agreement is beneficial to the interests of such residents.
DocuSign Envelope ID:ODA24126-F909-40DO-B6B2-A3BFAAA82628
ARTICLE I
GENERAL PROVISIONS
Section 1.1 Recitals.
The above recitals are true and correct and are hereby incorporated by this reference.
Section 1.2 Definitions.
Unless the context clearly otherwise requires, the terms defined in this Section shall, for
all purposes of this Agreement, have the meanings herein specified.
(a) "Act" means the Mello-Roos Community Facilities Act of 1982, as
amended, commencing with California Government Code Section 53311, et seq.
(b) "Agreement" means this Joint Communities Facilities and School Facilities
Mitigation Agreement.
(c) "Alternative Level 3 Fee" means the school fee authorized to be levied by
School District pursuant to Government Code Section 65995.7.
(d) "Bond Proceeds" shall mean those net funds generated by the sale of the
Bonds.
(e) "Bond Resolution" means that Resolution, Resolution Supplement, Fiscal
Agent Agreement, Indenture of Trust or other equivalent document(s) providing for the issuance
of the Bonds.
(f) "Bonds"shall mean those bonds, or other securities, issued by, or on behalf
of the CFD, as authorized by the qualified electors within the CFD.
(g) "Building Square Feet/Footage" or "BSF" means the square footage of
assessable internal living space, exclusive of garages or other structures not used as living space
in a Unit, as determined by reference to the building permit(s) application for such Assessor's
Parcel.
(h) "Calendar Year" means the period commencing January 1 of any year and
ending the following December 31.
(i) "Certificates of Compliance" means those certificates issued by School
District pursuant to Education Code Section 17620(b) to Property Owner certifying that Property
Owner has paid the Deposit in order to obtain a building permit.
0) "CFD" means Community Facilities District No. 2020-1 of the City of
Menifee (McCall Mesa).
(k) "City Facilities" means certain City facilities including, but not limited to fire
and safety facilities, street, storm drainage, general government and public use facilities, master
planning facilities, park facilities, traffic signals, and utility undergrounding necessary to serve the
Project.
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(1) "COC Credit Amount' means the amount deposited in the School Fee Fund
not previously allocated to the mitigation of Units.
(m) "Deposits" shall mean all amounts advanced to School District by Property
Owner prior to the issuance and sale of the Bonds, as security for the future payment, with Bond
Proceeds, of the Mitigation Amounts due in connection with Certificates of Compliance issued by
School District for lots within the Project prior to the issuance and sale of the Bonds and the
funding of the School Fee Fund.
(n) "Disbursement Request' means a request for payment relating to School
Facilities in the form attached hereto as Exhibit "B."
(o) "Fiscal Year" means the period commencing July 1st and ending the
following June 30th.
(p) "Level 1 Fee" means the school fee authorized to be levied by School
District pursuant to Government Code Section 65995.
(q) "Level 2 Fee" means the school fee authorized to be levied by School
District pursuant to Government Code Section 65995.5.
(r) "Mitigation Amount or Amounts" means for each Unit, on the date of
calculation, the greater of(i) $10,500, (ii) (a) 150% of the Level 1 Fee or Level 2 Fee then in effect
if the Unit is less than 3,000 BSF, (b) 145% of the Level 1 Fee or Level 2 Fee then in effect if the
Unit is 3,000 BSF to 3,500 BSF, and (c) 140% of the Level 1 Fee or Level 2 Fee then in effect if
the Unit is greater than 3,500 BSF, or (iii) the Alternative Level 3 Fee, if any, then in effect and
applicable to Units at the time of the request for Certificates of Compliance for such Units. The
Mitigation Amount for Units shall be calculated at the time of the request for Certificates of
Compliance for such Units except that the Mitigation Amount funded by the COC Credit Amount
shall be calculated as of the date of the sale of the applicable series of Bonds.
(s) "Party" or "Parties" shall mean any one or all of the parties to this
Agreement and the CFD.
(t) "Rate and Method" means the individual Rate and Method of
Apportionment of the Special Tax authorizing the levy and collection of special taxes pursuant to
proceedings undertaken for the formation of the CFD pursuant to the Act.
(u) "School Facilities" means those K-8 school sites, preschool facilities,
school facilities, including classrooms, multi-purpose facilities, administration and auxiliary space
at school facilities, athletic fields, playgrounds and recreational facilities and improvements
thereto, landscaping, access roadways, drainage, sidewalks and gutters and utility lines, furniture,
equipment and technology, including technology upgrades and mobile devices and infrastructure
therefore, with a useful life of at least five (5) years needed by School District, and also includes
costs associated with the maintenance and operation of school facilities in accordance with the
Act.
(v) "School Fee Fund" means the fund(s), account(s) or sub-account(s) of the
CFD (regardless of its designation within the Bond Resolution) into which a portion of the Bond
Proceeds may be deposited in accordance with the Bond Resolution to finance the School
Facilities.
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(w) "School Fees" means those school mitigation fees pursuant to Education
Code Section 17620 and Government Code Sections 65995, 65995.5 and 65995.7 required to
finance School Facilities.
(x) "State" means the State of California.
(y) "Special Taxes" means the special taxes authorized to be levied and
collected pursuant to the Rate and Method.
(z) "Unit" means each separate single family detached dwelling unit which
comprises an independent facility capable of conveyance separate from adjacent residential
dwelling units.
ARTICLE II
FORMATION OF THE CFD AND ISSUANCE OF BONDS
Section 2.1 Formation of the CFD.
The City, pursuant to the written request of the Property Owner, initiated proceedings
pursuant to the Act for the formation of the CFD, the authorization of the Special Taxes within the
CFD and the authorization of Bonds on behalf of the CFD, with the qualified electors approving
the levy of the Special Taxes and the sale of the Bonds.
Section 2.2 Mitigation Amount Deposits.
Subsequent to the execution of this Agreement and prior to School District's receipt of
Bond Proceeds, Property Owner may obtain Certificates of Compliance for lots within the Project
by posting Deposits equivalent to the Mitigation Amount.
Deposits posted prior to the issuance of Bonds will be held unexpended by School District
and then released to Property Owner upon the sale of Bonds to the extent the Mitigation Amounts
for such lots (based on the Mitigation Amount in effect at the time the final Certificate of
Compliance was issued for each respective lot) have been satisfied by the deposit of Bond
Proceeds in the School Fee Fund. After the issuance of the last series of Bonds (other than
Bonds issued for refunding purposes only), to the extent that all Bond Proceeds deposited into
the School Fee Fund are not sufficient to satisfy the Mitigation Amounts for all such lots, the
portion of the Mitigation Amounts not satisfied with Bond Proceeds shall be retained from the
Deposits and used by School District to construct School Facilities.
Section 2.3 Issuance and Sale of Bonds.
The City Council of the City, acting as the legislative body of the CFD, may, in its sole
discretion, in accordance with its adopted policies, adopt the Bond Resolution and issue the
Bonds. Prior to the City Council of the City adopting the Bond Resolution, Property Owner shall
notify School District of: i) the estimated issuance date for the Bonds and ii) the estimated amount
of proceeds to be deposited in the School Fee Fund.
Section 2.4 Bond Proceeds.
In the event that the CFD is formed and Bonds are issued, the City, or the CFD (as may
be applicable), and Property Owner shall determine the amount of Bond Proceeds to be deposited
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into the School Fee Fund or any applicable accounts or subaccounts thereof. As Bond Proceeds
are transferred to School District and reserved to fund School Facilities, Property Owner shall
receive a credit in the amount transferred against the payment of the Mitigation Amounts. The
purpose of this Agreement is to provide a mechanism by which the CFD may levy Special Taxes
and issue Bonds to provide a source of funds to finance School Facilities in lieu of the payment
of the Mitigation Amounts. In the event that Bond Proceeds, including investment earnings
thereon, are not available or sufficient to satisfy the obligation for the Mitigation Amounts for all
lots in the Project, then Property Owner shall remain obligated to make Deposits or pay the
Mitigation Amounts to School District as provided in Section 2.5 below.
Section 2.5 Mitigation Payment Credit Account.
(a) After being notified by Property Owner that Bond Proceeds have been
deposited into the School Fee Fund, School District will calculate the COC Credit Amount and
establish a credit account ("Credit Account") in the amount equal to the Bond Proceeds deposited in
the School Fee Fund less the total of the Mitigation Amounts for all lots for which Deposits have been
made based on the Mitigation Amount in effect at the time such Deposits were made.
(b) Once the Credit Account has been established, Property Owner may obtain
Certificates of Compliance for lots within the Project by requesting that School District deduct from
the Credit Account the Mitigation Amount for which the Certificate of Compliance is being sought. In
the event that there is an insufficient balance in the Credit Account to cover a request for a Certificate
of Compliance, Property Owner may only obtain a Certificate of Compliance by paying the remaining
Mitigation Amount in cash.
Section 2.6 Disbursements for School Facilities.
(a) Bond Proceeds of the CFD designated for the funding of School Facilities
shall be held by the CFD in the School Fee Fund which shall be invested by the City and earn
and accumulate its own interest. In the event that the CFD has deposited Bond Proceeds to the
School Fee Fund, the City shall notify the School District and the Property Owner, in writing, as
to the amount of Bond Proceeds so deposited and the yield on the Bonds. All interest earnings
on amounts in the School Fee Fund shall remain in the School Fee Fund and will be available for
disbursement for the funding of School Facilities as described below.
(b) The City shall make disbursements from the School Fee Fund in
accordance with the terms of this Agreement and neither the City nor the CFD shall be responsible
to the School District for costs incurred by the School District as a result of withheld or delayed
payments.
(c) The School District agrees that it will request a disbursement of Bond
Proceeds only for costs related to the School Facilities that are eligible for financing under the
Act. The School District agrees that prior to requesting payment from the CFD it shall review and
approve all costs included in its request and will have already paid such costs of School Facilities
from its own funds or will disburse such amounts to pay the costs of the School Facilities within
five banking days of receipt of funds from the CFD. In the event that the School District does not
disburse any Bond Proceeds received for disbursement to third parties within five banking days
of receipt, it will trace and remit to the CFD from which such Bond Proceeds were received all
earnings, if any, earned by the School District in excess of the yield on the Bonds, from the date
of receipt of such Bond Proceeds by the School District to the date of expenditure by the School
District of such Bond Proceeds for capital costs of the School Facilities. Such remittance, if any,
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shall occur on the earlier of the date of expenditure of such Bond Proceeds or each anniversary
date of the transfer of such Bond Proceeds from the CFD to the School District. The School
District agrees that in processing the above disbursements it will comply with all legal
requirements for the expenditure of Bond Proceeds under the Act and the Internal Revenue Code
of 1986 and any amendments thereto. As a condition to receiving any proceeds of the Bonds,
the School District agrees that it shall provide to the CFD, a certificate confirming the
representations contained in this Section 2.6 and such other matters as the CFD may reasonably
request upon which the CFD and its bond counsel may rely in connection with the issuance of
such Bonds and their conclusion that interest on such Bonds is not included in gross income for
federal income tax purposes.
(d) The School District agrees to maintain adequate internal controls over its
payment function and to maintain accounting records in accordance with generally accepted
accounting procedures. The School District will, upon request, provide to the CFD and the City
its annual financial report certified by an independent certified public accountant and any other
documents deemed necessary by the CFD and the City for purposes of calculating the CFD's
arbitrage rebate obligations. The CFD and the City shall have the right to conduct their own audit
of the School District's records related to the expenditure of the Bond Proceeds disbursed to the
School District at reasonable times during normal business hours.
(e) From time to time, the School District or Property Owner may submit a
Disbursement Request along with adequate supporting documentation to the CFD, for the exact
amount of Bond Proceeds to be disbursed to the School District. Upon receipt of an approved
Disbursement Request completed in accordance with the terms of this Agreement, the City shall
wire transfer (other otherwise pay) such portion of requested funds as are then available for
release in the School Fee Fund pursuant to the documents pursuant to which the Bonds are
issued to the School District's bank account, as directed by the School District.
(f) If five (5) years following the issuance of the Bonds, 85% or more of the
amount deposited into the School Fee Fund from proceeds of such Bonds have not been
expended for federal tax law purposes, the CFD may in its sole discretion transfer such funds to
such other account in the sole discretion of the CFD to be used to pay for the costs of eligible
public facilities or to the redemption fund to redeem Bonds; provided, however that such funds
may be retained in the School Fee Fund beyond such five year period upon the written request
of the School District, and delivery by the School District of an opinion of bond counsel that such
extension will not affect the exclusion from gross income of interest on such Bonds issued on a
tax-exempt basis. City shall provide School District with written notice at least six months prior to
making any transfer pursuant to this Section 2.6(f).
Section 2.7 Responsibility for Mitigation Amounts.
(a) The Parties hereto acknowledge and agree that the final responsibility for
the payment of the Mitigation Amounts not funded with Bond Proceeds lies with Property Owner.
(b) If the amounts derived from Bond Proceeds for School Facilities deposited
in the School Fee Fund, including investment earnings thereon, if any, are not sufficient to fund
the total cost of the Mitigation Amounts, the Parties hereto agree that all responsibility and liability
for the amount of such shortfall shall be and remain with Property Owner, and shall not lie with
the CFD, School District, or the City.
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(c) School District agrees to utilize or apply funds provided to it by the CFD, in
accordance with the Act, the Local Agency Special Tax and Bond Accountability Act (described
in Section 4.1 hereof), the requirements of federal tax law compliance with which is necessary in
order for interest on the Bonds to be excluded from the gross income of the recipients for federal
income tax purposes and other applicable law, and as set forth herein.
(d) School District shall indemnify, defend, and hold harmless, the City, CFD
and Property Owner, their respective officers, employees and agents, and each and every one of
them from and against all actions, damages, claims, losses or expenses of every type and
description to which they may be subjected or put, by reason of or resulting from the violation by
School District of any of the terms of this Agreement of the design, engineering, and construction
of the School Facilities and any other facilities constructed with the proceeds of the Mitigation
Amounts.
Section 2.8 Mitigation of School Fee Obligations of Protect.
Property Owner and School District agree that payment of the Mitigation Amount to School
District with respect to any lot within the Project, whether with CFD Bond Proceeds or otherwise,
shall constitute full mitigation of the obligations due School District in connection with the issuance
of a Certificate of Compliance with respect to such lot.
School District shall have no obligation, responsibility, or authority with respect to the
issuance and sale of the Bonds,the Bond Proceeds available to finance the construction of School
Facilities, the payment of the principal and interest on the Bonds, or for the levy of the Special
Taxes to provide for the payment of principal and interest thereon. The City shall have the sole
authority and responsibility for all such matters.
The Parties hereto specifically agree that, except as otherwise provided for in Section 2.4,
the liabilities of the CFD, including liabilities, if any, of the CFD pursuant to the documents
providing for the issuance of Bonds, including the Bond Resolution, shall not be or become
liabilities of School District.
Section 2.9 Waiver of State and Local Funding Credits and Right to Protest.
In consideration of School District's agreement with respect to the Project to accept the
Mitigation Amounts as full mitigation of the impact of the students generated by the Project upon
the School Facilities, and provided School District does not breach such agreement, Property
Owner agrees to waive all past, present and future credit against, or fair share reduction in,
Mitigation Amounts based upon State matching funding provided to School District or the
proceeds from a District-wide special tax or general obligation bond authorization, or School
Facilities Improvement District ("SFID") bond authorization for school facilities. In addition,
Property Owner knowingly waives its right of protest as may be afforded by Government Code
Section 66020 or any other provision of law, so long as School District is not in breach of this
Agreement.
Section 2.10 Property Owner Advance.
Property Owner has deposited with School District the amount of $ 00 to be
used to advance fund School District's costs in entering into and administering the terms of this
Agreement. Such advance by Property Owner may be reimbursed, subject to the approval of the
City, from the proceeds of the sale of the Bonds, but under no circumstances shall School District
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be obligated to pay Property Owner from any other source of funds. Should this Agreement not
be approved for any reason, any remaining balance of the amounts advanced by Property Owner
pursuant to this Section shall be refunded to Property Owner within ten (10) business days after
School District is notified that this Agreement will not be approved.
Section 2.11 Administration of the CFD.
The City shall have the power and duty to provide for the administration of the CFD,
subject to the terms hereof and the Bond Resolution, including employing and compensating all
consultants and providing for the various other administration duties set forth in this Agreement.
It is understood and agreed by Parties hereto that School District was not or will not be considered
a participant in the proceedings relative to formation of the CFD or the issuance of the Bonds,
other than as set forth in this Agreement.
ARTICLE III
TERM AND TERMINATION
Section 3.1 Effective Date.
This Agreement shall become effective and of full force and effect as of the date("Effective
Date") it is approved and executed by the Governing Board of School District, by Property Owner
and the City Council of the City, to be confirmed by the execution hereof by the authorized
representatives of the Parties hereto.
ARTICLE IV
ADDITIONAL GENERAL PROVISIONS
Section 4.1 Recordkeeping; Inspection of Records.
School District hereby agrees to keep and maintain full and accurate records of all
amounts, if any, paid to School District for Mitigation Amounts and investment earnings thereon
and the City or the CFD, or the Fiscal Agent on their behalf, hereby agrees to keep and maintain
full and accurate records of all amounts, and investment earnings, if any, disbursed to School
District from the School Fee Fund. Each Party further agrees to make such records available to
any other Party hereto, including Property Owner, during normal business hours upon reasonable
prior notice. All such records shall be kept and maintained by the appropriate Party as provided
by applicable law and their respective policies. School District and Property Owner agree that
they will cooperate with the CFD and the City in providing documentation, reports or other data
reasonably required and requested by the City or the CFD in meeting the reporting requirements
of the CFD under Sections 50075.1, 50075.3, and 50075.5 and Article 1.5 (commencing with
Section 53410) of Chapter 3 of Part 1 of Division 2 of Title 5 of, the Government Code(collectively,
the "Local Agency Special Tax and Bond Accountability Act"). School District's reporting
obligations pursuant to this Section shall be limited to providing reports or other data detailing the
following: (A) the amount of CFD funds received by School District to fund School Facilities, (B)
the amount of such CFD funds deposited in separate funds or accounts of School District
reflecting Mitigation Amounts and the number of dwelling units for which such Mitigation Amounts
apply, and (C) School Facilities that have been acquired or constructed, in whole or in part, with
CFD funds. School District's reporting obligation shall terminate when all CFD funds have been
disbursed from the School Fee Fund, or from any account or subaccount thereof that has been
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allocated Bond Proceeds to finance Mitigation Amounts, and School District has provided to the
City a report for the last disbursement received by School District. If no CFD funds have been
received by School District or used to finance School Facilities since the previous report, no report
shall be required and the City may rely upon the previous reports.
Section 4.2 Partial Invalidity.
If any part of this Agreement is held to be illegal or unenforceable by a court of competent
jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonably
possible.
Section 4.3 Successors and Assigns.
Property Owner may assign its rights pursuant to this Agreement to a purchaser of the
Property, or any portion thereof, and such purchaser and assignee shall assume the obligations
of Property Owner pursuant to this Agreement and to be bound thereby. This Agreement shall
be binding upon and inure to the benefit of the successors and assigns of the Parties hereto.
Section 4.4 Notice.
Any notice, payment or instrument required or permitted by this Agreement to be given or
delivered to any Party or other person shall be deemed to have been received when personally
delivered or upon deposit of the same in the United States Post Office registered or certified,
postage prepaid, addressed as follows:
City: City of Menifee
29844 Haun Road
Menifee, CA 92530
Attention: Deputy City Manager
With a copy to:
School District: Romoland School District
25900 Leon Road
Homeland, CA 92548
Attention: Superintendent
With a copy to: Stradling Yocca Carlson & Rauth
660 Newport Center Drive, Suite 1600
Newport Beach, CA 92660
Attention: Brad Neal, Esq.
Property Owner: Lennar Homes of California, Inc.
980 Montecito Drive, Suite 300
Corona, CA 92879
Attention: Geoff Smith
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Each Party can change its address for delivery of notice by delivering written notice of
such change or address to the other Parties within ten (10) calendar days prior to such change.
Section 4.5 Captions.
The captions to Sections used herein are for convenience purposes only and are not part
of this Agreement.
Section 4.6 Governing Law.
This Agreement shall be governed by, and construed in accordance with, the laws of the
State of California applicable to contracts made and performed in said State.
Section 4.7 Entire Agreement.
This Agreement contains the entire agreement between the Parties with respect to the
matters provided for herein and supersedes all prior agreements and negotiations between the
Parties with respect to the subject matter of this Agreement.
Section 4.8 Amendments.
This Agreement may be amended or modified only in writing executed by the authorized
representative(s) of each of the Parties hereto.
Section 4.9 Waiver.
The failure of any Party hereto to insist on compliance within any of the terms, covenants
or conditions of this Agreement by any other Party hereto, shall not be deemed a waiver of such
terms, covenants or conditions of this Agreement by such other Party, nor shall any waiver
constitute a relinquishment of any other right or power for all or any other times.
Section 4.10 Cooperation and Execution of Documents.
The Parties hereto agree to complete and execute any further or additional documents
which may be necessary to complete or further the terms of this Agreement.
Section 4.11 Attorneys' Fees.
In the event of the bringing of any action or suit by any Party against any other Party
arising out of this Agreement, the Party in whose favor final judgment shall be entered shall be
entitled to recover from the losing Party all costs and expenses of suit, including reasonable
attorneys' fees.
Section 4.12 Exhibits.
The following exhibits attached hereto are incorporated into this Agreement by reference.
Exhibit Description
"A" Property Description
"B" Disbursement Request Form
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Section 4.13 Signatories.
The signatories hereto represent that they have been appropriately authorized to enter
into this Agreement on behalf of the Party for whom they sign.
Section 4.14 Execution in Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an
original.
[Signatures on following page]
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IN WITNESS WHEREOF, the Parties hereto have executed this Joint Community
Facilities and School Facilities Mitigation Agreement as of the day and year written above.
CITY OF MENIFEE, a political subdivision of the
State of California
FCIOCUsgnec ny'
f
By:
City anager
ATTEST:
oocusgned ny
By: saran, a. i�ta,n�vari,,v�
9`5riFmghwiring, City Clerk
APPROVED AS TO FORM:
CITY ATTORNEY OF THE CITY OF MENIFEE
By: CD*ausgn.a by
�t ".1
Je rey . e ching, City Attorney
Property Owner: LENNAR HOMES OF CALIFORNIA, INC., a
California corporation
By:
Its: Lester Tucker, Vice President of Forward
Planning
ROMOLAND SCHOOL DISTRICT
r
By
President of the Board of Education
of the Romoland School District
ATTEST;
By
Clerk of the hoard of Education of
the Romoland School District
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IN WITNESS WHEREOF, the Parties hereto have executed this Joint Community
Facilities and School Facilities Mitigation Agreement as of the day and year written above.
CITY OF MENIFEE, a political subdivision of the
State of California
nDoc�uSigned by:
By.
City anager
ATTEST:
By: FDocuSigned by:
ardil A. Al,cunaNaU''"
ra anwaring, City Clerk
APPROVED AS TO FORM:
CITY ATTORNEY OF THE CITY OF MENIFEE
/ ""I
DuS,ignned by:
cu
By: '� "' kV(l
Jeffrey T. Melching, City Attorney
Property Owner: LENNAR HOMES OF CALIFORNIA, INC., a
California corporation
By.
Its: ' GeOOCn Pfest6et4
ROMOLAND SCHOOL DISTRICT
By
President of the Board of Education
of the Romoland School District
ATTEST:
By
Clerk of the Board of Education of
the Romoland School District
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DocuSign Envelope ID:ODA24126-F909-40DO-B6B2-A3BFAAA82628
EXHIBIT "A"
PROPERTY DESCRIPTION
Real property in the City of Menifee, County of Riverside, State of California, described as follows:
Assessor Parcel Nos. (as set forth in the County of Riverside Assessor's Fiscal Year 2019-
20 Roll):333-070-069-3, 333-070-070-3, 333-070-071-4,333-070-075-8, 333-070-080-2, 333-
070-081-3, 333-070-082-4.
DocuSign Envelope ID:ODA24126-F909-40DO-B6B2-A3BFAAA82628
EXHIBIT "B"
DISBURSEMENT REQUEST FORM
1. Community Facilities District No. 2020-1 of the City of Menifee (McCall Mesa)
("CFD No. 2020-1") is hereby requested to pay from the School Fee Fund, or any applicable
account or subaccount thereof, established by CFD No. 2020-1 in connection with its Special Tax
Bonds (the "Bonds") to Romoland School District ("MUSD"), as payee, the sum set forth below:
$ (the "Requested Amount")
2. The Requested Amount is due and payable, has not formed the basis of any prior
request or disbursement and is being made with respect to the obligation of the Property to pay
Mitigation Amounts to MUSD.
3. The Requested Amount is authorized and payable pursuant to the terms of that
certain Joint Community Facilities Agreement, dated as of 2019, by and among the
City of Menifee, Romoland School District, Lennar Homes of California, Inc., a California
corporation, (the "JCFA").
4. Capitalized undefined terms used herein shall have the meanings ascribed to
them in the JCFA.
Date: LENNAR HOMES OF CALIFORNIA, INC., a
California corporation
By:
Its: Authorized Signatory
Date: ROMOLAND SCHOOL DISTRICT
By:
B-1