City Approves Lakeview Farms Development Agreement with Tri Pointe Homes
City of BelmontCity · Belmont, NC- Disclosed value
- Approximately $965,000 in fees plus transportation improvements (developer to pay required system development fees and sewer improvement fee; developer responsible for all required transportation improvements; additional contribution if transportation improvement costs are less than $7 million)
- From minutes
- Approved
- Dec 16, 2024
The 30-second brief
The Belmont City Council approved a development agreement with Tri Pointe Homes for the Lakeview Farms project, allowing for 385 housing units. The agreement requires the developer to pay approximately $965,000 in city system and sewer fees, complete all transportation improvements, and comply with a June 30, 2026 milestone date. Council-mandated terms include limits on rentals and non-public amenities.
Tri Pointe Homes holds this contract with City of Belmont. Its other public contracts on record include work for City of Banning and City of San Diego.
Term as filed: Effective immediately upon approval; milestone date June 30, 2026; homes to be built 2028-2031.
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Contract details
- Amount
- Approximately $965,000 in fees plus transportation improvements (developer to pay required system development fees and sewer improvement fee; developer responsible for all required transportation improvements; additional contribution if transportation improvement costs are less than $7 million)
- Document date
- December 16, 2024
- Term
- Effective immediately upon approval; milestone date June 30, 2026; homes to be built 2028-2031
- Vendor
- Tri Pointe Homes
- Agency
- City of Belmont
- Source document
- belmont_city_council_workshop_minutes_december_202.pdf (Minutes)
Tri Pointe Homes's other public contracts
More City of Belmont contracts
Questions about this contract
Who was awarded the government contract by City of Belmont?
Tri Pointe Homes was awarded this government contract by City of Belmont, as recorded on December 16, 2024. The contract value is Approximately $965,000 in fees plus transportation improvements (developer to pay required system development fees and sewer improvement fee; developer responsible for all required transportation improvements; additional contribution if transportation improvement costs are less than $7 million).
How much is the Tri Pointe Homes contract with City of Belmont worth?
The Tri Pointe Homes contract with City of Belmont is valued at Approximately $965,000 in fees plus transportation improvements (developer to pay required system development fees and sewer improvement fee; developer responsible for all required transportation improvements; additional contribution if transportation improvement costs are less than $7 million).
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in belmont_city_council_workshop_minutes_december_202.pdf (Minutes), dated December 16, 2024 from City of Belmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Tri Pointe Homes hold?
Tri Pointe Homes may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Belmont currently buying?
Explore City of Belmont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.