CITY OF MENIFEE
SUBJECT: Agreement and Bonds for Tract Map 31456, Ladera by KB Home Cal Management Services, LLC
MEETING DATE: September 16, 2026
TO: Mayor and City Council
PREPARED BY: Jorge Aguilar, Assistant Engineer
REVIEWED BY: Nick Fidler, Public Works Director
APPROVED BY: Armando G. Villa, City Manager
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RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Subdivision Improvement Agreement and bonds to guarantee the completion of the required public landscape improvements for Tract Map 31456, associated with Ladera, located south of McCall Boulevard and west of Valley Boulevard.
DISCUSSION
Tract Map 31456, also known as Ladera (Project), is a proposed development for a residential subdivision of 161.34 gross acres into 192 lots for residential use. The Project is located south of McCall Boulevard and west of Valley Boulevard.
KB Home Cal Management Services, LLC (Developer), a Delaware Limited Liability Company, is now requesting approval of the Subdivision Improvement Agreement (Agreement) as required by the project’s conditions of approval. The Agreement requires that the improvement securities are posted to guarantee the completion of the required improvements within 24-months from the City Council approval date of the agreements.
Staff has reviewed the developer’s request and determined that the Agreement meets the requirements of the project’s conditions. A summary of the securities being posted to guarantee the required landscape improvements is shown in Table 1 below.
TABLE 1- TM31456, LADERA TRACT MAP, IP24-055L, OFFSITE IMPROVEMENTS Improvement Security Faithful Performance Labor & Materials Landscape 3003931 $ 650,000.00 $ 650,000.00
Total $650,000.00 $650,000.00
City of Menifee Staff Report
Ladera – Subdivision Improvement Agreement
September 16, 2026
3 4
7 2
STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community
FISCAL IMPACT
There is no fiscal impact associated with the recommended action. The Developer has paid all necessary fees associated with review of the Agreement and bonds. Upon completion of the improvements, and subsequent acceptance by the City, ongoing maintenance costs for the improvements would be supported through future fiscal year budgets in maintenance Community Facilities District 2017-1, Annexation No. 7, Zone 7.
ATTACHMENTS
1. Project Map
2. Agreement
3. Bond