DEPOSIT AND REIMBURSEMENT AGREEMENT
FOR RESIDENTIAL DEVELOPMENT
(Services Only)
(Landscaping & Other Improvements Acceptance Upon Collection of Sufficient Special Taxes to Support Maintenance)
by and between
CITY OF MERCED
and
MERCED HOLDING, LP,
A Nevada Limited Partnership,
as Developer
Dated as of , 2022 ----
X:\Agreements\Planning\2021\Deposit and Reimbursement Agreement - The Hub.docx ATTACHMENT 5
DEPOSIT AND REIMBURSEMENT AGREEMENT
(Services Only)
THIS DEPOSIT AND REIMBURSEMENT AGREEMENT (the
"Agreement") is made and entered into as of _____ , 2022, by and between the CITY OF MERCED, a California Charter Law Municipal Corporation (herein after referred to as "City,") and Merced Holdings, LP, a Nevada Limited Partnership (hereinafter referred to as "Developer.")
RECITALS
WHEREAS, the City Council of the City of Merced (hereinafter the "Council") proposes to establish one or more Community Facilities Districts (the "District") pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982, as amended, commencing with Section 53311 of the Government Code of the State of California (hereinafter referred to as the "Act"). The initial boundaries of the proposed District are depicted on the map attached hereto and incorporated herein as Exhibit "A"; and,
WHEREAS, Developer has an approved Conditional Use Permit (CUP #1238) and Site Plan Review Permit (SP #455) (entitlements) allowing the construction of a mixed-use project on approximately 5.94 acre parcel generally located at the southeast comer of Yosemite A venue and McKee Road, as shown on X:\Agreements\Planning\2021 \Deposit and Reimbursement Agreement - The Hub.docx 1 GERARD
CHILDS
G
MR
YOSEMITE
OLIVE
99 HWY 59
CHILDS
COFFEE
BELLEVUE
PARSONS
MCKEENORTH BEAR CREEK
LAKE
V
WEST
PARSONS
1 2
3 4
5 6
7 9
10 11
12 13
14 15
16 18
19 20
21 2323
24 25
26 27
28 29
30 31
32 34
22 36
39 39
38 43
42 44
45 41
46 47
¯
COMMUNITY FACILITIES DISTRICT 2003-2 (SERVICES)
IMPROVEMENT AREA #47 - THE HUB
Improvement Area #47
The Hub Mixed Use Project
^
EXHIBIT A
BUILDING 1
2 FLOORS OF RES.
49 UNITS
30,456 SF
BUILDING 2
2 FLOORS OF RES.
GROUND FLOOR COMMUNITY SPACE AND RETAIL
67 UNITS
57,622SF
BUILDING 4
2 FLOORS OF RES.
GROUND FLOOR COMMUNITY SPACE AND RETAIL
69 UNITS
58,262 SF
BUILDING 3
1 FLOOR OF RES.
GROUND FLOOR OFFICE
29 UNITS
30,533 SF
YOSEMITE AVE.
MCKEE RD.
FRONT YARD PROPERTY LINE
FRONT YARD LANDSCAPE SETBACK
FRONT YARD SETBACK
15' - 0"
35' - 0"
REAR YARD PROPERTY LINE
REAR YARD LANDSCAPE SETBACK
REAR YARD SETBACK
5' - 0"
20' - 0"
SIDE YARD PROPERTY LINE
SIDE YARD LANDSCAPE SETBACK
SIDE YARD SETBACK
7' - 6"
20' - 0"
SIDE YARD PROPERTY LINE
SIDE YARD LANDSCAPE SETBACK
SIDE YARD SETBACK
35' - 0"
25' - 0"
60' - 0"
BUS TURN OUT
1" = 30'-0"
MER MERCED HOLDINGS LP JANUARY 8,2020CONDITIONAL USE
PERMIT PLOT PLAN
Z010
AREA SCHEDULE
BUILDING
NUMBER NAME AREA
2 COMMUNITY SPACE 8363 SF
4 COMMUNITY SPACE 4181 SF
12544 SF
3 OFFICE 14455 SF
14455 SF
1 RESIDENTIAL 30456 SF
2 RESIDENTIAL 40644 SF
3 RESIDENTIAL 16082 SF
4 RESIDENTIAL 40025 SF
127206 SF
2 RETAIL 8615 SF
4 RETAIL 14057 SF
22672 SF
EXHIBIT B