The supervisors’ 5-0 vote Oct. 24, approved the agreement between the county and SR Conestoga, LLC, which requires the developer to fund improvements to Rice Road associated with the SR Conestoga development north of Domenigoni Parkway, south of Olive Avenue, and west of the Winchester Road portion of State Route 79.
The conditions of the approval to subdivide 55.59 acres in the Harvest Valley area into 186 residential lots along with 10 open space lots require the developer (the agreement is binding upon future owners of the tract should SR Conestoga sell) to construct improvements along Rice Road including two northbound lanes and two southbound lanes between Salt Creek Channel and Domenigoni Parkway and to install a traffic signal at the intersection of Rice Road and Domenigoni Parkway. The road improvements are identified facilities in the Menifee Valley Road and Bridge Benefit District program.
The agreement allows the costs to construct the road improvements to offset the required Road and Bridge Benefit District fees associated with the development of the parcel. The developer will be eligible for credits or reimbursement totaling approximately $3,623,323. The actual credit or reimbursement amount will be determined upon completion of the improvements, acceptance by the county, and verification of the actual costs.