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Carson Reclamation Authority approves sixth amendment to developer option for Cells 3–5
Summary
The Carson Reclamation Authority unanimously approved a sixth amendment to the option agreement for Cells 3–5, extending the closing date to Oct. 21, 2026, and approving the item "subject to any minor changes approved by legal counsel," the board said.
The Carson Reclamation Authority on Feb. 2 approved a sixth amendment to the developer option for Cells 3, 4 and 5, extending the transaction closing date to Oct. 21, 2026, and clarifying the timing for the developer’s Leonardo Drive payment.
Authority staff told the board the agenda language was incorrect and that the item before members reconciles prior amendments in the project record. Authority counsel said the board’s approval would be…
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