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Stanton council approves amended payment schedule for Cloud House development
Summary
The Stanton City Council approved an amendment to the 2020 development agreement for the Cloud House project at Beach Boulevard, allowing fees to be paid after occupancy with a one-year delay, simple interest, and a five-year payoff timeline; the planning commission had recommended the change.
The Stanton City Council on Feb. 11 approved an amendment to the development agreement with Stanton 2 LLC for the Cloud House project at 12331 and 12435 Beach Boulevard, changing when agreed community-benefit and development-impact fees must be paid.
Staff said the amendment would allow payments to begin one year after issuance of the final certificate of occupancy, apply simple interest…
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