LV Heartland to Pay City $3 Million in exchange for Mello Roos Bond Debt and the Elimination of Over $1 Million in Mitigation Fees .
Beaumont Planning Commission October 27, 2016
Commissioners Dale, Rearick, and Smith were present.
Commissioners Tinker and St Martin were not present.
Agenda Item 2.a Heartland Develop Agreement
Report given by the ‘Planning Department’ which consists of Urban Logic Employees Rebecca Deming and Kyle Warsinski.
LV Heartland to pay City $3 Million in exchange for Mello Roos Bond Debt and over $1 Million in Mitigation Fees eliminated.
Heartland will have no CFD Services Tax and instead will pay a ‘Public Services Tax’ of $419/lot.
Heartland will not have to pay for Potrero Interchange or make any contribution to the Potrero Interchange.
‘Staff’ claims that the Project is CEQA exempt because an EIR was prepared in 1994 and ‘nothing has changed’.
“Mr. Forebath spent many hours negotiating the CFD”