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By Brian Park

The Rancho Mission Viejo Company will be compensated by the county and the Transportation Corridor Agencies for the construction of a new arterial roadway that will eventually service the developer’s second village, Esencia.

The Orange County Board of Supervisors on June 24 approved granting fee credits, through the TCA, to Rancho Mission Viejo for right-of-way, grading and construction costs for “F street,” which will connect Cow Camp Road to Oso Parkway.

In 2004, the county approved the company’s “Ranch Plan,” a long-term strategy to develop its land. Included was a provision that F street would be built if the TCA’s plan to extend the SR-241 toll road from Oso to Cow Camp did not materialize. The TCA’s permit application for the extension was denied by the San Diego Regional Water Quality Control Board in June 2013 and has since been appealed.

A year since Rancho Mission Viejo’s first village, Sendero, debuted, more than half of the 940 homes have been sold. The company is currently construction a 286-unit apartment complex, as well as a 15-acre park and fire station.

Grading for Esencia is underway. The village will be triple the size of Sendero and may be open late 2015.

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