City of La Verne Planning Commission Agenda Packet 2026-06-10
Gilead Sciences Development Agreement Extended Five Years
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Description
The Planning Commission recommended approval of a First Amendment to Gilead Sciences, Inc.'s Development Agreement, extending its term by five years to May 5, 2031 and updating applicable impact fee provisions. No substantive changes were made to development rights or land use.
Contract Details
Vendor
GILEAD SCIENCES INC
Agency
City of La Verne, CA
Contract Type
OTHER
Document Date
June 10, 2026
Contract Term
Development Agreement extension from May 6, 2026 through May 5, 2031 (retroactive)
Renewal Date
2031-05-05
Renewal Info
Allows one-time five-year extension per original DA, effective retroactively from 2026-05-06; all other provisions remain unchanged. Impact fees fixed as of January 1, 2027 for extension duration.
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