The Menifee City Council approved a security agreement substitution for the planned Menifee Valley subdivision.The 5-0 vote on October 7 authorizes the replacement of an existing lien agreement with security bonds. Minor Ranch, LLC, which owns the land, will provide a faithful performance bond of $20,943,500 and a labor and materials bond of $20,943,500.The Menifee Valley development will subdivide 594.6 acres east of Menifee Road, west of Briggs Road, south of Highway 74, and north of Matthews Road. The 11 lots will have industrial, commercial, and residential uses. The tentative parcel map was approved by the Menifee City Council in November 2024.A tentative parcel map becomes a final map after all conditions of the tentative map, other than those for which permits cannot be
