Citrus Ranch Second Amendment to Development Agreement

Ordinance No. 1842 approves a Second Amendment to Development Agreement DA-06-10-22. The amendment confirms that the current term expires on July 26, 2032, unless earlier terminated or subsequently amended, and replaces Section 3.2 to allow one additional 20-year extension if the developer satisfies specified infrastructure investment or construction benchmarks. The amendment does not modify the existing land use designations or development regulations applicable to the project site.