3818 RR Rnch 1869

1869 Ranch is a total 192.6 acres that is split by the Hwy 29 Bypass ROW & fronts RR 1869. On the east side of the bypass is 1869 Ranch Subdivision. The entitlements are as follows: Approved Development Agreement(DA), Approved Preliminary Plat & certified PID.(Puiblic Improvement District) The Preliminary Plat is approved for 495 lots & 9.5 commercial acres. The DA provides for 686 LUES of water in phases. Water is already available on site. The sewer is offsite. The subdivision will be served by the Community Interceptor Line for sewer. The buy in fee is $1,434 per lot & is paid at final plat. All sewer & water are well defined in the DA. The DA allows for a PID. The PID has been certified & seller is working on the Reimbursement Agreement (RA) & Financing agreement(FA). The DA & RA allow For an estimated $24,000,000 in the PID. Around $20,000,000 for the east side & around $4,000,000 on the west side of the property. The PID funds are used to reimburse the developer for public infrastructure. The next step is to start & complete construction plans. After Construction plans are approved developer can get started. The 5.507 acres commercial on the east side is at the front of the subdivision. The West side of the property is 60.9 acres and the South San Gabriel River males up the eastern border. Thers an estimated 25 acres outside the 100 year floodplain. If developer does a FEMA CLOMR & LOMR its estimated to recapture around 10 additional useable acres. The east side has been reserved for Mixed Use commercial. The 29 Bypass Road is under construction to the south of 1869 Ranch. The county has already purchased the ROW thru 1869 Ranch. I can provide signed DA, approve Preliminary Plat & PID docs as requested. Please call listing agent for all questions.