Jurupa Valley

City Council

February 15, 2024 Consent Calendar #E

Agenda Item E

E. RE-ASSIGNMENT AND ASSUMPTION OF THE COOPERATIVE\nAGREEMENT BETWEEN THE CITY OF JURUPA VALLEY,\nDEVELOPER, AND THE RIVERSIDE COUNTY FLOOD CONTROL AND\nWATER CONSERVATION DISTRICT FOR CONSTRUCTION AND\nMAINTENANCE OF DRAINAGE FACILITIES (TM 37211 – SOUTHEAST\nOF THE INTERSECTION OF OPAL STREET AND CANAL STREET)\n1. Requested Action: That the City Council approve the Assignment and\nAssumption Agreement to transfer Rights and Obligations from Sequanata\nPartners, LP, a California limited partnership to Sequanata Venture, LLC, a\nDelaware limited liability company for Paramount Estates MDP Line C,\nStage 1, and Paramount Estates MDP Line C-1, Stage 1 facilities; and\n2. That the City Council approve the Assignment and Assumption Agreement\nto transfer Rights and Obligations from Sequanata Venture, LLC, a Delaware\nlimited partnership to Richmond American Homes of Maryland, Inc., a\nMaryland corporation for Paramount Estates MDP Line C, Stage 1, and\nParamount Estates MDP Line C-1, Stage 1 facilities.\n14. CONSIDERATION OF ANY ITEMS REMOVED FROM THE CONSENT\nCALENDAR\n15. PUBLIC HEARINGS