What did Placer County approve for the Village at Palisades Tahoe?

The county adopted an ordinance approving a development agreement that sets terms, infrastructure obligations, financing, and performance requirements for the VPTSP.

How long is the development agreement term?

The development agreement has a total term of up to 30 years.

Where can I read the full ordinance text?

The full text is available at the Clerk of the Board's Office, 175 Fulweiler Avenue, Auburn, CA 95603.

Ordinance — 8318 North Lake Boulevard, Kings Beach, CA

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Affects:Property BuyersGovernment AgenciesGeneral Public

Placer County adopted an ordinance on May 12, 2026 approving a development agreement with Alterra MTN CO Real Estate Development, LLC and Palisades Tahoe Real Estate, LLC for the Village at Palisades Tahoe Specific Plan. The agreement sets a term up to 30 years and outlines vested rights, infrastructure obligations, financing timing, and development performance requirements.

Key Takeaways

Ordinance adopted May 12, 2026 approving VPTSP development agreement
Agreement term up to 30 years defining vested development rights
Requires infrastructure improvements and land dedications
Specifies financing timing and development performance obligations
Full ordinance text available at Clerk of the Board in Auburn

Published: May 21, 2026 · today
Category: Ordinance
City: Kings Beach
Address

8318 North Lake Boulevard, Kings Beach, CA

What to do next

1
Read the full ordinance
Visit the Clerk of the Board's Office at 175 Fulweiler Avenue, Auburn, CA 95603 to inspect the complete ordinance text.
2
Contact county staff with questions
Call the Placer County Community Development Resource Agency at 530-745-3000 for details about obligations, timing, and implementation.
3
Review development obligations if affected
If you are a nearby property owner or prospective buyer, review infrastructure, land dedication, and financing provisions to understand impacts.

Frequently asked questions

What did Placer County approve for the Village at Palisades Tahoe?: The county adopted an ordinance approving a development agreement that sets terms, infrastructure obligations, financing, and performance requirements for the VPTSP.
How long is the development agreement term?: The development agreement has a total term of up to 30 years.
Where can I read the full ordinance text?: The full text is available at the Clerk of the Board's Office, 175 Fulweiler Avenue, Auburn, CA 95603.
Who can I contact for more information?: Call the Placer County Community Development Resource Agency at 530-745-3000 for further information.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

development agreement: A contract between a government and developer specifying rights, obligations, and conditions for a project.
vested development rights: Rights that protect a developer from later changes in land-use rules for a set period.
land dedications: Transfer of land or interests to a public agency for public use, like roads or parks.
errata: A published correction or amendment to the original agreement text.

Full Notice Text

Ordinance Summary
On May 12, 2026, at the North Tahoe Event Center, 8318 North Lake Boulevard, Kings Beach, CA 96143, the Placer County Board of Supervisors adopted an ordinance by a vote of 4:0 Ayes: Gustafson, DeMattei, Jones, Landon, Absent: Gore, Noes: None to approve a development agreement, including an errata, between the County of Placer and Alterra MTN CO Real Estate Development, LLC, and Palisades Tahoe Real Estate, LLC, for the property comprising the Village at Palisades Tahoe Specific Plan ("VPTSP"). Specifically, the development agreement will have a total term of up to 30 years and define vested development rights, establish obligations for infrastructure improvements and land dedications, secure the timing and methods for financing improvements, and specify other performance obligations for development within the VPTSP area, as more fully articulated in the development agreement.
The full text of the ordinance is available for public inspection at the Clerk of the Board's Office, 175 Fulweiler Avenue, Auburn, CA 95603. Further information may be obtained by calling the Placer County Community Development Resource Agency at 530-745-3000.
IPL0341517
May 21 2026