Talks that could give Manteca its first private gated community with two manmade lakes are going ahead.
The City Council Tuesday authorized staff to hammer out a development agreement with Lafferty Homes that could lead to the possible annexation of Oakwood Shores to Manteca. Also involved in the talks will be the Oakwood Lake Water District, and Oakwood Shores Homeowners’ Association.
The developer is hoping to secure sewer to build the remaining 350 homes. There have been 80 homes already built in the neighborhood located at the former site of the Manteca Waterslides on the western end of Woodward Avenue.
Those additional homes have the potential of generating $1.9 million in fees for the public safety endowment fund. Once all that money is collected at $5,655 per home, the $1.9 million would be added to principal in the endowment fund to generate interest to help pay the salaries of additional police officers and firefighters.
Oakwood Shores was approved for development on temporary basis by the California Regional Water Quality Control Board. That approval required it to ultimately connect to a municipal sewer service.
Oakwood Shores is within the city’s sphere of influence or areas identified for logical annexation. Also, Manteca has a policy in place that nixes extending sewer to developments unless they are part of the city.