SCV Water Agency Water Resources and Watershed Committee Meeting Agenda Packet May 2026
Legacy Village annexation funding agreements with SRV
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Description
Santa Clarita Valley Water Agency continues to implement a 2012 Deposit and Funding Agreement and Pre-Annexation Agreement with Stevenson Ranch Venture, LLC for the Legacy Village Development. The developer must reimburse all annexation-related costs and assumes future carrying costs for reserved water supplies if annexation is not completed by December 31, 2027.
Contract Details
Vendor
STEVENSON RANCH VENTURE LLC
Agency
Devils Den Water District, CA
Contract Type
OTHER
Document Date
May 9, 2026
Contract Term
Through at least December 31, 2027, with certain indemnity provisions continuing beyond termination
Renewal Date
2027-12-31
Renewal Info
Pre-Annexation Agreement automatically terminates December 31, 2027, except indemnity provisions which continue during the annexation process; after that date, SRV assumes carrying costs consistent with SCV Water’s annexation policy.
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