Menifee Finance Committee Agenda July 2025
Proposed MUSD CFD Agreement for Nautical Cove Fees
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Description
Menifee proposes entering into a joint Community Facilities Agreement with Menifee Union School District to provide $2.66 million in developer fees for the Nautical Cove project, funded by a 30-year CFD bond issuance.
Contract Details
Contract Amount
$2,664,327 (MUSD fees funded from bond for CFD 2025-5)
Vendor
MENIFEE UNION SCHOOL DISTRICT
Agency
City of Menifee, CA
Contract Type
FINANCIAL_SERVICES
Document Date
July 8, 2025
Contract Term
30 years (as part of bond funding; starts 2025)
Renewal Date
2055-09-01
Renewal Info
JCFA to be executed prior to bond issuance; fees funded from bond proceeds, bond term 30 years.
More from MENIFEE UNION SCHOOL DISTRICT
Related Contracts
Menifee City Council Regular Meeting Agenda April 2026
APPROVEDhemet_unified_school_district_regular_board_meetin.pdf
RENEWEDvalley_center_pauma_unified_school_district_board.pdf
APPROVEDhemet_unified_school_district_regular_board_meetin.pdf
RENEWEDhemet-unified-agenda-2025-06-17_014.txt
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