Lake Forest

City Council

September 17, 2024 Item #7

Agenda Item 7

7. ANNUAL REVIEW OF DEVELOPMENT AGREEMENTS\nRECOMMENDED ACTION: 1. Conduct the annual review of Development\nAgreements between the City and the following parties: a. USA Portola\nProperties, LLC (“Baldwin”); b. Lennar Homes (“Lennar”); c. Shea Homes\n(“Shea”); d. Toll Brothers West, Inc. (“Toll Brothers”). 2. Find that Baldwin,\nLennar, Shea, and Toll Brothers are each in good faith compliance with its\nrespective Development Agreements.