Council approves Consent Calendar Approval, 5–0

Consent Calendar Approval

5 yes, 0 no

Bid Award: Sports Lighting at E.L. Pete Petersen Park and Hidden Hills Park (Item 10.9)

5 yes, 0 no

CDBG Fiscal Year 2025/2026 CAPER Approval (Item 11.1)

5 yes, 0 no

Coastline Development (Tentative Tract Map 38525)

Northwest corner of Coastline Avenue and Menifee Road

A residential subdivision project seeking the formation of a community facilities district and annexation into maintenance districts to finance infrastructure.

Discussed — no decision yet

Cypress Sands (CFD 2026-3 & CFD 2026-S)

Southwest corner of Chambers Avenue and Antelope Road, Menifee, CA

A proposed 132-unit townhome development consisting of 126 market-rate homes and 6 affordable housing units, requesting a new financing district and participation in the public safety CFD.

Discussed — no decision yet

Coastline Development Financing District (CFD No. 2026-1)

The city is moving forward with a new Mello-Roos district for the Coastline project at Menifee Road and Coastline Avenue. This district will help fund up to $5 million in public infrastructure and ongoing maintenance for future residents.

What it means: Authorizes up to $5,000,000 in bonded indebtedness backed by special taxes on the property.

Raised 2 times this week

CalFIT Investment Pool Participation

The city is exploring a new California-based investment pool to help diversify its operating cash holdings and earn better returns safely.

What it means: The city and taxpayers benefit from potentially higher investment returns on operating cash.

Fiscal Sustainability

A proposed 132-unit townhome project seeks a new financing district for public improvements while serving as the anchor for the city's new public safety funding district.

What it means: Involves issuing approximately $4.7 million in bonds and negotiating concessions like waiving a 20% facilities CFD premium estimated at $379,000.

Annual Cash and Investment Performance Review

Reviewing how the city handled its money over the past year across checking accounts, short-term pools, and long-term portfolios.

What it means: Reflects earnings of over $5.1 million in short-term pools and nearly $5.4 million in long-term investments for fiscal year 2025-2026.

HSIP Cycle 12 Grant Budget Adjustment

The city is accepting a state safety grant worth nearly $300,000 to fund local transportation and capital improvement projects.

What it means: Increases revenue and expenditure budgets by $295,740 for safety-related capital improvements.

Minor Home Rehabilitation Program

The city successfully spent its CDBG funds on community non-profits and minor home repairs, completely clearing the senior waiting list for home improvements.

What it means: Over $729,000 expended in federal CDBG and coronavirus grant funds assisting low-to-moderate income residents.

Evaluation of Menifee Charitable Organization

The city is exploring the creation of a charitable foundation to help raise private funds and grants for community programs and amenities without straining the general fund.

What it means: Menifee residents and community programs that could benefit from expanded philanthropic funding and private sponsorships.

Park Sports Lighting Installation

Installing new sports field lighting at E.L. Pete Petersen Park and Hidden Hills Park will give local sports leagues and residents over 30 extra hours of weekly play time during early winter sunsets.

What it means: Total project cost of $422,500 utilizing existing budgeted funds.