JOINT COMMUNITY FACILITIES AGREEMENTJoint Community Facilities Agreement • June 4th, 2025 • California
THIS JOINT COMMUNITY FACILITIES AGREEMENT (the “Agreement”) is entered into effective as of the __ day of , 202 , by and among the CITY OF DESERT HOT SPRINGS, a general law city in the State of California (the “City”), MISSION SPRINGS WATER DISTRICT, a public agency organized and existing pursuant to Division 20 of the California Water Code (“Mission Springs Water District”), LENNAR HOMES OF CALIFORNIA, LLC, a California limited liability company (“Lennar”), AG EHC II (LEN) CA 2, L.P., a Delaware limited partnership (the “Land Bank”), and SKYBORNE VENTURES, LLC, a limited liability company (the “Skyborne Ventures”) and relates to the formation by the City of a community facilities district known as “Community Facilities District No. 2025-1 (Skyborne Village) of the City of Desert Hot Springs” (the “CFD”) for the purpose of financing, among other things, certain facilities to be owned, operated or maintained by the Mission Springs Water District from proceeds of bonds issued by the CFD