City Council

J.10 APPROVE THE PUBLIC FACILITIES FEE CREDIT AGREEMENT WITH D.R. HORTON LOS ANGELES HOLDING COMPANY, INC. FOR PARKLAND IMPROVEMENTS WITHIN TRACT 38442 (REPORT OF: PARKS AND COMMUNITY SERVICES) (DISTRICT 3)\nApprove the Public Facilities Fee Credit Agreement with D.R. Horton Los Angeles Holding Company, Inc. for Parkland Improvements to the Dedicated Parkland Within Tract 38442\nRecommendation(s)\nThat the City Council and Community Services District:\n1. Approve the Public Facilities Fee Credit Agreement ("Agreement") with D. R. Horton Los Angeles Holding Company, Inc., for parkland improvements within Tract 38442 located north of Alessandro Blvd., east of Nason St., and south of Bay Ave.; and,\n2. Authorize the City Manager and the City Manager in the Capacity as Executive Director of the Moreno Valley Community Services District (CSD) or his/her designee to execute the Public Facilities Fee Credit Agreement on behalf of the City and CSD with D.R. Horton Los Angeles Holding Company, Inc., for parkland improvements within Tract 38442, subject to approval by the City Attorney.