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2016/09/28 Eastern Municipal Water District (EMWD) CFD 2016-74 Menifee Town Center of EMWDCity of Menifee Routing and Transmittal Slip To: Julie Alvarez, Public Finance Assistant Stradling Yocca Carlson & Rauth, P.C. 660 Newport Center Drive, Suite 1600 Newport Beach, CA 92660 Description: Joint Community Facilities Agreement EMWD & Stark Menifee Land, LLC Action: Sent one agreement to Julie Alvarez Date: 9-28-16 Remarks: Approved at 9-21-16 CC meeting pity oT ivieniTee 129/14 Haun Road I Menifee, CA 92586 Jennifer Allen From: Yolanda Macalalad Sent: Tuesday, September 27, 2016 5:01 PM To: Jennifer Allen Subject: FW: Sept. 21st Agenda Item Your question about JCFA approved by Council on 9-21-16 Yolanda S. Macalalad, P.E., QSD Principal Engineer PW Engineering/Land Development Direct Line: 951-723-3718 City Hall: 951-672-6777 1 Fax: 951-679-3843 From: Jim Zimmerman [mailto:jim@zimmermangroup.com] Sent: Tuesday, September 27, 2016 10:32 AM To: Yolanda Macalalad <ymacalalad @cityofinenifee.us> Cc: 'Frank Igo' <figo@regentproperties.com> Subject: FW: Sept. 21st Agenda Item Yolanda, Please see below regarding the JCFA. Thank you. Jim Zimmerman ZIMMERMAN GROUP fir, !'EYE Li Ptlf NT 501 28202 Cabot Road, Suite 620 Laguna Niguel, CA 92677 Direct: (949) 542-7071 Cell: (949) 394-2152 Fax: (949) 542-7076 CONFIDENTIALITY NOTICE This e-mail message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately by telephone or return e-mail, delete the message from your computer system without reviewing its contents. From: Alvarez, Julie [mailto:JAlvarez(absycr.com] Sent: Tuesday, September 27, 2016 10:27 AM To: 'Jim Zimmerman' Subject: RE: Sept. 21st Agenda Item I've already sent the documents out for signature to EMWD and Stark, so if the City would like to send executed documents to me, I can disburse the final executed documents when I have all signature pages back. Julie Alvarez Public Finance Assistant Stradling Attorneys at L.iw Stradling Yocca Carlson & Rauth, P.C. 660 Newport Center Drive, Suite 1600 1 Newport Beach, CA 92660 (0) 949.725.40411 (f) 949.823.5041 ialvarez al)sycr.com I sycr.com CONFIDENTIALITY NOTICE This message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately. Thank you From: Jim Zimmerman [mailto:jim(abzimmermangroup com] Sent: Tuesday, September 27, 2016 9:34 AM To: Alvarez, Julie Subject: FW: Sept. 21st Agenda Item Julie, What instructions should I give to the City about this? Thanks. Jim Zimmerman P,� GROUP ZIMMERMAN Lnria DEVELOAMV:T SOLUTIONS 28202 Cabot Road, Suite 620 Laguna Niguel, CA 92677 Direct: (949) 542-7071 Cell: (949) 394-2152 Fax: (949) 542-7076 CONFIDENTIALITY NOTICE This e-mail message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately by telephone or return e-mail, delete the message from your computer system without reviewing its contents. From: Yolanda Macalalad[ma iIto: ymacalalad (a)cityofinenifee.us] Sent: Monday, September 26, 2016 10:43 PM To: Jim Zimmerman Cc: Frank Igo (figo(cbregentproperties.com) Subject: FW: Sept. 21st Agenda Item This has been approved by the City Council, do you need an original sent out to EMWD fro execution? Yolanda S. Macalalad, P.E., QSD Principal Engineer PW Engineering/Land Development Direct Line: 951-723-3718 City Hall: 951-672-6777 1 Fax: 951-679-3843 n. M eenife From: Jennifer Allen Sent: Thursday, September 22, 2016 9:33 AM To: Jonathan Smith <jsmith@cityofinenifee.us>; Yolanda Macalalad <ymacalalad (@citvofinenifee.us> Cc: Sarah Manwaring<smanwarine(a)cityofinenifee.us>; Jeffery T. Melching <jmelching(a)rutan.com> Subject: Sept. 21st Agenda Item Good Morning, The Joint Community Facilities Agreement has been executed by the City. Please let me know if the agreement goes to EMWD next for signature or Stark Menifee. Also please forward the contact info and address of where I should mail it to. JOINT COMMUNITY FACILITIES AGREEMENT by and among EASTERN MUNICIPAL WATER DISTRICT, CITY OF MENIFEE and STARK MENIFEE LAND, LLC relating to COMMUNITY FACILITIES DISTRICT NO.2016-74 (MENIFEE TOWN CENTER) OF EASTERN MUNICIPAL WATER DISTRICT JOINT COMMUNITY FACILITIES AGREEMENT THIS JOINT COMMUNITY FACILITIES AGREEMENT (the "Agreement") is entered into effective as of the day of , 2016, by and among EASTERN MUNICIPAL WATER DISTRICT, County of Riverside, State of California, a municipal water district organized and operating pursuant to the Municipal Water District Law of 1911 as set forth in the California Water Code ("EMWD"), the City of Menifee, a California general law city ("City") and STARK MENIFEE LAND, LLC, a Wisconsin limited liability company ("Property Owner"). This Agreement relates to the proposed formation by EMWD of a community facilities district to be known as "Community Facilities District No. 2016-74 (Menifee Town Center) of Eastern Municipal Water District" (the "CFD"), and Improvement Areas A, B, C and D therein (each an "Improvement Area"), for the purpose of financing certain fees incurred as a consequence of the development within the CFD to be used by City to construct facilities to be owned and operated by City from the proceeds of special taxes of, and bonds issued by, the proposed CFD or an Improvement Area. RECITALS: A. The property is within Parcel Map No. 36299-1 and Tentative Tract No. 36303 and is described and depicted in Exhibit A hereto (the "Property"), which is located in the City of Menifee, County of Riverside, State of California, and is proposed to constitute the land within the boundaries of the CFD. B. Property Owner owns the Property and intends to develop the Property for residential purposes. C. Property Owner petitioned EMWD to form the CFD and the Improvement Areas for the purpose of financing, among other things, certain fees incurred as a consequence of development within the CFD to be used by City for the construction of various public facilities to be owned and operated by City as described in Exhibit B hereto, which facilities will benefit the Property in whole or in part, including certain public facilities to be constructed, owned and operated by City (the "City Fee Facilities") in lieu of the payment of City Fees (defined below). D. Property Owner has yet to determine whether it will finance any or all of the City Fee Facilities, in lieu of payment of City Fees, with Bond Proceeds (defined below) that are available for such purpose. The Parties (defined below) hereto acknowledge that the purpose of this Agreement is to satisfy the requirements of the Act (defined below). E. In conjunction with the issuance of building permits for the construction of homes within the Property and/or receipt of final inspections or occupancy certificates for such homes, Property Owner, or its successors or assigns, may elect to advance City Fee Facilities costs in lieu of payment of City Fees (the "Advances") at such times as Bond Proceeds are not available in a sufficient amount to pay for City Fee Facilities. In such case, Property Owner shall be entitled to (i) reimbursement of such Advances and (ii) credit for payments made to City from Bond Proceeds against City Fees which would otherwise be due to City in conjunction with the development of the Property, all as further described herein. F. In addition to the City Fee Facilities, certain facilities to be owned and operated by EMWD (the "EMWD Facilities") are also expected to be funded from Bond Proceeds. G. EMWD will have sole discretion and responsibility for the formation and administration of the CFD and each Improvement Area. H. EMWD is authorized by Section 53313.5 of the Act to assist in the financing of the acquisition and/or construction of the City Fee Facilities. This Agreement constitutes a joint community facilities agreement, within the meaning of Section 53316.2 of the Act, by and among City, Property Owner, and EMWD, pursuant to which the CFD and each Improvement Area, when and if formed, will be authorized to finance the acquisition and/or construction of all or a portion of the City Fee Facilities. As authorized by Section 53316.6 of the Act, responsibility for constructing, providing for, and operating the City Fee Facilities is delegated to City. I. The Parties hereto find and determine that the residents residing within the boundaries of City, EMWD, and the CFD will be benefited by the construction and/or acquisition of the EMWD Facilities and City Fee Facilities and that this Agreement is beneficial to the interests of such residents. AGREEMENT NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Parties hereto agree as follows: Recitals. Each of the above recitals is incorporated herein and is true and correct. 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, Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the California Government Code. (b) "Advance" means an amount advanced by Property Owner to City for City Fee Facilities in lieu of payment of City Fees prior to the availability of sufficient Bond Proceeds. (c) "Bonds" shall mean those bonds, or other securities, issued by, or on behalf of, the CFD or an Improvement Area in one or more series, as authorized by the qualified electors within the CFD. (d) "Bond Proceeds" shall mean those funds generated by the sale of each series of Bonds secured by the Special Taxes, net of costs of issuance, reserve fund, capitalized interest and administrative expenses. (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) "City Fees" means fees for those capital improvements authorized to be financed with City development impact fees ("DIF"), and all components thereof, imposed by City as a consequence of development of any portion of the Property to finance City Fee Facilities; as further described in Exhibit B hereto. 2 (g) "City Fee Facilities" means those City capital improvements eligible to be financed with City Fees. (h) "EMWD Facilities" means those public improvements to be owned, operated, or maintained by EMWD identified in proceedings to form the CFD that are eligible to be financed with Bond Proceeds. (i) "Other Facilities Account of the Improvement Fund" means the fund, account or sub -account of the CFD (regardless of its actual designation within the Bond Resolution) into which a portion of the Bond Proceeds may be deposited in accordance with the Bond Resolution to finance City Fee Facilities and which may have subaccounts. 0) "Party" or "Parties" shall mean any or all of the parties to this Agreement. (k) "Rate and Method" means the Rate and Method of Apportionment of the Special Tax for an Improvement Area authorizing the levy and collection of Special Taxes within such Improvement Area pursuant to proceedings undertaken for the formation of the CFD pursuant to the Act. (1) "Special Taxes" means the special taxes authorized to be levied and collected within the CFD pursuant to the Rate and Method. (m) "State" means the State of California. 3. Proposed Formation of the CFD and Improvement Areas. EMWD will undertake to analyze the appropriateness of forming the CFD, and Improvement Areas therein, to finance the City Fee Facilities and other facilities. EMWD will retain, at the expense of Property Owner, the necessary consultants to analyze the proposed formation of the CFD and each Improvement Area. 4. Sale of Bonds and Use of Bond Proceeds. In the event that the CFD is formed, the Board of Directors of EMWD acting as the legislative body of the CFD may, in its sole discretion, finance City Fee Facilities by issuing one or more series of Bonds. To the extent that the CFD and Property Owner determine that Bond Proceeds are available to finance City Fee Facilities, EMWD shall notify City of the amount of such Bond Proceeds deposited in the Other Facilities Account of the Improvement Fund that is available for such purpose. It is currently anticipated that sufficient Bond Proceeds will be available to fund all City Fee Facilities. As Bond Proceeds are transferred to City as described in Section 5 below, the portion of the Property with respect to which such transfer was made shall receive a credit in the amount transferred against the payment of City Fees. Nothing herein shall supersede the obligation of Property Owner to make Advances or otherwise pay City Fees to City when due. The purpose of this Agreement is to provide a mechanism by which the CFD may issue the Bonds to provide a source of funds to finance City Fee Facilities in lieu of the payment of City Fees. In the event that Bond Proceeds are not available or sufficient to satisfy the obligation, then Property Owner shall remain obligated to make Advances or otherwise pay City Fees to City as required by City in accordance with applicable law. The Bonds shall be issued only if, in its sole discretion, the Board of Directors of EMWD determines that all requirements of State and Federal law and all EMWD policies have been satisfied or have been waived by EMWD. Nothing in this Agreement shall confer upon City or any owner of the Property, including Property Owner, a right to compel the issuance of the Bonds or the disbursement of Bond Proceeds to fund City Fee Facilities except in accordance with the terms of this Agreement. 5. Disbursements. (a) Upon the funding of the Other Facilities Account of the Improvement Fund, Property Owner may execute and submit a payment request to EMWD or the CFD requesting disbursement to Property Owner, or its written designee, from the Other Facilities Account of the Improvement Fund of an amount equal to all or a portion of the Advances. The sole source of funds from which Property Owner will be entitled to receive reimbursement of the Advances and from which Property Owner may request disbursements pursuant to Section 5(b) below shall be Bond Proceeds or Special Taxes deposited in the Other Facilities Account of the Improvement Fund. (b) From time to time following the funding of the Other Facilities Account of the Improvement Fund, Property Owner may notify City in writing and City and Property Owner shall jointly request a disbursement from the Other Facilities Account of the Improvement Fund to fund City Fee Facilities by executing and submitting a request for payment, in substantially the form attached hereto as Exhibit C (the "Disbursement Request"). Upon receipt of such Disbursement Request completed in accordance with the terms of this Agreement, the CFD shall wire transfer or otherwise pay to City such requested funds to the extent that Bond Proceeds are then available, or subsequently become available, in the Other Facilities Account of the Improvement Fund for such purpose. Upon such notice and City's receipt of such disbursement relating to City Fees, Property Owner shall be deemed to have satisfied the applicable City Fees with respect to the number of dwelling units or lots for which City Fees would otherwise have been required in an amount equal to the amount of such disbursement divided by the per lot or unit amount of the applicable City Fees. (c) City agrees that prior to submitting a Disbursement Request requesting payment from the CFD it shall review and approve all costs included in its request and will have already paid contractually or incurred such costs of City Fee Facilities from its own funds subsequent to the date of this Agreement, or will disburse such amounts to pay the costs of the City Fee Facilities following receipt of funds from the CFD. In the event that City does not disburse any Bond Proceeds received by it to third parties within five banking days of receipt, it will trace and report to the CFD all earnings, if any, earned by City, from the date of receipt of such Bond Proceeds by City to the date of expenditure by City for capital costs of the City Fee Facilities. Such report shall be delivered at least semiannually until all Bond Proceeds are expended by City. (d) Subject to Section 5(e) below, City agrees to maintain adequate internal controls over its payment function and to maintain accounting records in accordance with generally accepted accounting procedures. City will, upon request, provide EMWD and/or Property Owner with access to City's records related to the City Fee Facilities and will provide to EMWD its annual financial report certified by an independent certified public accountant for purposes of assisting EMWD in calculating the arbitrage rebate obligation of the CFD, if any. 4 (e) At the City's discretion, the City may elect to satisfy the tracing and accounting of Bond Proceeds requirements set forth in Section 5 of this Agreement by selecting and depositing unexpended Bond Proceeds with a commercial bank, savings bank, savings and loan association or other financial institution which is authorized by law to accept, hold, trace and account for deposits of money (the "Deposit Institution"). Property Owner shall pay for all costs and expenses associated with such Deposit Institution and shall pay said costs and expenses as provided in the written direction of the City. (f) EMWD or the CFD agrees to maintain full and accurate records of all amounts, and investment earnings, if any, expended from each Other Facilities Account of the Improvement Fund. EMWD or the CFD will, upon request, provide City and Property Owner with access to EMWD's or the CFD's records related to the Other Facilities Account of the Improvement Fund. 6. Ownership of City Fee Facilities. The City Fee Facilities shall be and remain the property of City. 7. Indemnification. (a) Indemnification by EMWD and the CFD. EMWD shall assume the defense of, indemnify and save harmless, City and its 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, any act or omission of EMWD with respect to this Agreement and the issuance of and Bonds; provided, however, that EMWD shall not be required to indemnify any person or entity as to damages resulting from negligence or willful misconduct of such person or entity or their officers, agents, or employees. (b) Indemnification by Property Owner. Property Owner shall assume the defense of, indemnify and save harmless, EMWD, the CFD, and City, 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, any act or omission of Property Owner with respect to this Agreement; provided, however, that Property Owner shall not be required to indemnify any person or entity as to damages resulting from willful misconduct of such person or entity or their officers, agents, or employees. (c) Indemnification by City. City shall assume the defense of, indemnify and save harmless, EMWD, the CFD and 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, any act or omission of City with respect to this Agreement, and the design, engineering, and construction of the City Fee Facilities constructed by City; provided, however, that City shall not be required to indemnify any person or entity as to damages resulting from negligence or willful misconduct of such person or entity or their officers, agents, or employees. In addition to the obligations set forth in Section 7(b) above, Property Owner shall indemnify the City, their respective officers, employees, and agents, and each and every one of theirs, from and against all actions, damages, claims, losses, or expenses of 5 every type as a result of the City indemnifying EMWD and/or the CFD under this Section 7(c). 8. Allocation of Special Taxes. The Board of Directors of EMWD, as the legislative body of the CFD, shall annually levy the Special Tax as provided for in the formation proceedings of the CFD. The entire amount of any Special Tax levied by the CFD to repay Bonds, or to fund other obligations, shall be allocated to the CFD. 9. Amendment and Assignment. This Agreement may be amended at any time but only in writing signed by each Party hereto. This Agreement may be assigned, in whole or in part, by Property Owner to the purchaser of any parcel of land within the Property provided, however, such assignment shall not be effective unless and until City and EMWD have been notified, in writing, of such assignment. 10. 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. 11. Notices. Any notice, payment, or instrument required or permitted by this Agreement to be given or delivered to either Party shall be deemed to have been received when personally delivered or seventy two hours following deposit of the same in any United States Post Office in California, registered or certified, postage prepaid, addressed as follows: School District: Eastern Municipal Water District 2270 Trumble Road P.O. Box 8300 Perris, CA 92572 — 8300 Attn: Director of Finance City: City of Menifee 29714 Haun Road Menifee, CA 92586 Attn: City Clerk Property Owner: Stark Menifee Land, LLC, c/o Regent Properties 11990 San Vicente Blvd., Suite 200 Los Angeles, CA 90049 Attn: Daniel Gryczman Each Party may change its address for delivery of notice by delivering written notice of such change of address to the other Parties hereto. 12. Exhibits. All exhibits attached hereto are incorporated into this Agreement by reference. 13. 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. 14. Severability. 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. 15. Governing Law. This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California. 16. Waiver. Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by any other Party hereto, or the failure by a Party to exercise its rights upon the default of any other Party, shall not constitute a waiver of such Party's right to insist and demand strict compliance by such other Party with the terms of this Agreement thereafter. 17. No Third Party Beneficiaries. No person or entity other than the CFD or an Improvement Area, when and if formed, shall be deemed to be a third party beneficiary hereof, and nothing in this Agreement (either express or implied) is intended to confer upon any person or entity, other than City, EMWD, the CFD, each Improvement Area, and Property Owner (and their respective successors and assigns, exclusive of individual homebuyers), any rights, remedies, obligations, or liabilities under or by reason of this Agreement. 18. Singular and Plural: Gender. As used herein, the singular of any word includes the plural, and terms in the masculine gender shall include the feminine. 19. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute but one instrument. [Signature Page Follows] 7 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year written above. ATTEST: Secretary, Board of Directors A'I APPROV D AS TO F RM: By: (1- ( JefQT✓, elching, City rney EASTERN MUNICIPAL WATER DISTRICT M. CITY PROPERTY OWNER STARK MENIFEE LAND, LLC a Wisconsin limited liability company By: Stark Offshore Management, LLC Its: Manager By: Its: EXHIBIT A DESCRIPTION OF PROPERTY Real property in the City of Menifee, County of Riverside, State of California, described as follows: IMPROVEMENT AREA A APNS 360-080-067 360-080-068 360-080-069 360-080-070 360-080-071 360-080-072 IMPROVEMENT AREA B APNS 360-080-073 360-080-074 360-080-075 IMPROVEMENT AREA C APNS 360-080-090 IMPROVEMENT AREA D APNS 360-130-013 360-130-014 360-130-016 A-1 BOUNDARY MAP w C � rjwj�� �S ! •� w� _�_ " C =��� I i 7GBG I� a$� Ros�Gg �o n : az� a Q n Z cc F- �Q 0 O Z WLu W N 0> _ OZ to � m WF-n'p W 2 az2> 1� Ig LL W f"...W LL O 1 5 T it a U) 5 _ � WZLTMFF O � U O V ME- Wli=;H yK N N m Z Z Z Z a a a a 6 co U O '• z z z z w 5? r^� Wnmao.-r� w na�n W o W ro-rm 888 ie�roron n �i.nn Fa i �r W444444 W444 W4 W444 t �� >om m m m ao 00000 >om om� >. >o o a 2 O m O O w Om m a M444444 z$44 w4 u^^^ �Fa a 0000 qyo a oo ao a�oo i o � �^i��r'�imM �minm fn �ri�rroi _ Z •�s. >Lu3 A-2 EXHIBIT B CITY FEES The type of City Fee Facilities eligible to be financed by the CFD under the Act are the capital improvements authorized to be financed with City development impact fees ("DIF") imposed pursuant to County Ordinance No. 659, as adopted by City upon its incorporation, as amended by City Ordinance No. 2010-76, and as subsequently amended by City. Funding Priority Facilities Description Per Unit (a) Total (a) 1 Transportation (Roads/Bridges) $ 1,564 $ 941,528 2 Transportation (Signals) 420 252,840 3 Public Facilities 1,207 726,614 4 Fire Facilities 705 424,410 5 Regional Parks 563 338,926 6 Regional Multipurpose Trails 316 190,232 7 Library Books 341 205,282 Total Development Impact Fees $ 5.116 $ 3,079,832 Notes: (a) The amount of City Fee Facilities is subject to change based on City Ordinance. Sequence No. City SA# EXHIBIT C DISBURSEMENT REQUEST FORM 1. Community Facilities District No. 2016-74 (Menifee Town Center) of Eastern Municipal Water District ("CFD") is hereby requested to pay from Bond Proceeds to the City of Menifee ("City"), as Payee, the sum set forth in 3 below. 2. The undersigned certifies that the amount requested for City Fee Facilities is due and payable, has not formed the basis of prior request or payment, and is being made with respect to the property described in Exhibit A to the Joint Community Facilities Agreement by and among Eastern Municipal Water District, City of Menifee, and STARK MENIFEE LAND, LLC, dated as of , 2016 (the "JCFA"). 3. Amount requested: $ For Tract / Lot Nos: 4. The amount set forth in 3 above is authorized and payable pursuant to the terms of the JCFA. Capitalized terms not defined herein shall have the meaning set forth in the JCFA. ATTEST: an Clerk of the City cc: City Finance Dept. PROPERTY OWNER Name: Title: CITY OF MENIFEE By: Name: Title: C-1