City Council Agenda
Memo to:
Manteca City Council
From:
Kevin Jorgensen II, Director of Engineering/City Engineer
Prepared by:
Toshiro Sessoms, Assistant Engineer
Date:
June 3, 2025
Subject:
Kiper at Indelicato Unit No. 1, Tract 4065, Improvement Agreement Amendment No. 1
Recommendation:
title
Adopt a resolution approving Amendment No. 1 to the Improvement Agreement for Kiper at Indelicato Unit No. 1, Tract 4065, modifying SCHEDULE B, Section II-1.A and Section II-2.A, "P.F.I.P. Credits and Reimbursements" to allow Public Facilities Infrastructure Plan reimbursable credits to be spread across both Kiper at Indelicato Unit No. 1 and Kiper at Indelicato Unit No. 2 rather than be limited to Kiper at Indelicato Unit No. 1 only; and authorizing the City Manager to sign and take all necessary steps to effectuate Amendment No. 1.
body
Background:
On February 18, 2025, the City of Manteca and K. Hovnanian Homes Northern California, Inc. (KHOV), entered into an Improvement Agreement for Kiper at Indelicato Unit No. 1, Tract 4065 (Attachment 3) with an Estimated Total Cost of Improvements of $9,736,404.00 which included a Transportation System P.F.I.P. reimbursement amount of $271,890.08, and Sewer Collection System Financing Zone 22 P.F.I.P. amount of $462,888.00.
The Improvement Agreement for Kiper at Indelicato Unit No.1, Tract 4065, under Schedule B, "P.F.I.P. Credits and Reimbursements", allows for credit reimbursement to be given when building permits are issued for construction of residences within the unit. However, the cost of the installing the Public Facilities Infrastructure Plan (P.F.I.P.) improvements significantly exceeded the available credit amounts for Unit No. 1, requiring the remainder of those costs to be placed on a reimbursement list in accordance with Section III, "Reimbursement Priority".
KHOV requested to amend the language in Schedule B, "P.F.I.P. Credits and Reimbursements" to allow the excess allowable credit reimbursements...
Click here for full text