City Council

2. AMENDMENTS TO THE TRANSIT FUNDING AGREEMENT AND WAIVERS\n TO CERTAIN PENALTIES AND INTEREST FOR THE COMMUNITY\n FACILITIES DISTRICTS AND WATER FACTORY FOR THE VISTA CANYON\n DEVELOPMENT - City Council to consider amendments to the Transit Funding\n Agreement for Vista Canyon and authorizing the waiver of certain penalties and interest\n for the Community Facilities Districts and Water Factory within the Vista Canyon\n development.\n RECOMMENDED ACTION:\n City Council:\n\n 1. Authorize an amendment to the Transit Funding Agreement included in the Vista\n Canyon Conditions of Approval to reduce the required Vista Canyon Transit Center\n surface parking lot from 500 to 400 spaces, allow it to be constructed in phases, and\n grant the City an easement at no cost.\n\n 2. Authorize the waiver of certain penalties and interest relating to the City of Santa\n Clarita Community Facilities District No. 2016-1 and the Vista Canyon Wastewater\n Standby Assessment District.\n\n 3. Amend the budgets for the Cooper Street Communities Facilities District and Vista\n Canyon Water Factory Assessment District as shown in Exhibit A.\n\n 4. Authorize the City Manager to execute all documents, amendments, and or waivers\n needed to facilitate the recommended actions, subject to City Attorney approval.