City Council

4.\nPage 27\nAgreement for the Acquisition of\nSilverwood Development Phase 1, LLC\nWastewater\nInfrastructure\nAssets\nfrom\nRecommended Action:\nIt is recommended that the City Council and the Board of Directors of the\nHesperia Water District authorize the City Manager to execute an Agreement\nfor the Purchase and Sale Agreement with Silverwood Development Phase 1,\nLLC (the Developer) in the amount of $6,332,931 for the acquisition of\nwastewater infrastructure assets constructed to support the Silverwood\nmaster-planned community.\nStaff Person:\nAssistant City Manager Casey Brooksher\nAttachments:\nSR Wastewater Infrastructure Assets Silverwood Development 5-20-2025\nAttachment 1 - Agreement for Purchase & Sale\nAttachment 2 - Technical Memorandum - Silverwood