Falloncrest Development Agreement/Annual Monitoring Report

Summary

The City Council of the City of Chino authorized staff to execute a Certificate of Agreement Compliance for the Falloncrest Development Agreement covering the years 2024-2025, finding the owners to be in good faith compliance with the agreement. The owners have made progress on the development, including selling and closing several tracts to homebuilders and preparing site plans for the remaining phase. The City recognizes that while not all phases have been developed, the owners have eight more years to meet this obligation.

Details

Subject

Falloncrest Development Agreement/Annual Monitoring Report

Summary

The City Council of the City of Chino authorized staff to execute a Certificate of Agreement Compliance for the Falloncrest Development Agreement covering the years 2024-2025, finding the owners to be in good faith compliance with the agreement. The owners have made progress on the development, including selling and closing several tracts to homebuilders and preparing site plans for the remaining phase. The City recognizes that while not all phases have been developed, the owners have eight more years to meet this obligation.

Adopting Body

City Council of the City of Chino

Adoption Date

2025-10-07