City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Special Meeting Agenda
Tuesday, October 14, 2025
4:00 PM Special Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
SPECIAL MEETING (4:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. APPROVAL OF MINUTES
4.1 September 9, 2025 Finance Committee Meeting Minutes
5. DISCUSSION ITEMS
5.1 Proposed Amendment No. 1 to the Development Agreement with BLC Fleming and Lennar, LLC for the Legado project (Legado Specific Plan) RECOMMENDED ACTION
1. Review the proposed Amendment No. 1 for the existing Development Agreement (2018277) between the City of Menifee and BLC Fleming, LLC and Lennar, LLC dated June 3, 2020 for the Legado development and recommend submittal to the City Council for approval.
5.2 Bond Premium Reimbursement with Lennar Homes for Community Facilities District No. 20223, Legado, IA1
RECOMMENDED ACTION
1. Discuss the proposed bond premium reimbursement for Community Facilities District No. 20223, Improvement Area 1, and recommend presenting it to the City Council for consideration.
5.3 Annual Update on Community Facilities District Bond Premiums RECOMMENDED ACTION
1. Receive annual report with updated details on Community Facility District (CFD) bond premiums.
6. ADJOURN
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 672 6777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Affidavit of the Posting
I, Rachel Valencia, do hereby certify, under penalty of perjury, that the Tuesday, October 14, 2025 special Finance Committee meeting agenda was posted at least 24 hours prior to the meeting in the following locations per Cal. Gov.
Code, § 54954.2, subd. (a)(1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.
Special Finance Committee Meeting
October 14, 2025
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Special Meeting Agenda
Tuesday, October 14, 2025
4:00 PM Special Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
SPECIAL MEETING (4:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. APPROVAL OF MINUTES
4.1 September 9, 2025 Finance Committee Meeting Minutes
5. DISCUSSION ITEMS
5.1 Proposed Amendment No. 1 to the Development Agreement with BLC Fleming and Lennar, LLC for the Legado project (Legado Specific Plan) RECOMMENDED ACTION
1. Review the proposed Amendment No. 1 for the existing Development Agreement (2018277) between the City of Menifee and BLC Fleming, LLC and Lennar, LLC dated June 3, 2020 for the Legado development and recommend submittal to the City Council for approval.
5.2 Bond Premium Reimbursement with Lennar Homes for Community Facilities District No. 20223, Legado, IA1
RECOMMENDED ACTION
1. Discuss the proposed bond premium reimbursement for Community Facilities District No. 20223, Improvement Area 1, and recommend presenting it to the City Council for consideration.
5.3 Annual Update on Community Facilities District Bond Premiums RECOMMENDED ACTION
1. Receive annual report with updated details on Community Facility District (CFD) bond premiums.
6. ADJOURN
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 672 6777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Affidavit of the Posting
I, Rachel Valencia, do hereby certify, under penalty of perjury, that the Tuesday, October 14, 2025 special Finance Committee meeting agenda was posted at least 24 hours prior to the meeting in the following locations per Cal. Gov.
Code, § 54954.2, subd. (a)(1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.
Special Finance Committee Meeting
October 14, 2025