RED V - MEIBOS LAND ENTITLEMENTS PROJECT

RED V - MEIBOS LAND ENTITLEMENTS PROJECT
INVESTOR UPDATE | DECEMBER 2025
EXECUTIVE SUMMARY
The Meibos entitlements project has reached a critical juncture with the rezoning meeting scheduled for next week and construction of the sewer lift station now underway. The team is actively evaluating multiple strategic exit options to maximize investor returns, including paper lot sales to major national builders and a potential early buyout opportunity. With clear milestones established and strong builder interest confirmed, the project is positioned for a strategic exit in early 2026.
KEY ACCOMPLISHMENTS
RECENT
Scheduled county rezoning meeting for next week
with the team anticipating approval of this major regulatory milestone that will unlock the project's development potential.
Confirmed construction commencement on the Weber County sewer lift station
with equipment on site and work pad cleared, demonstrating tangible progress on critical infrastructure.
Maintained strong builder engagement
with multiple national and local builders.  
Established clear strategic timeline
with January 15, 2026 checkpoint for preliminary plat, IFD approval, and lift station progress assessment.
PRIMARY FOCUS AREAS
CURRENT
Securing rezoning approval
at next week's scheduled county meeting to unlock the project's full development potential.
Advancing preliminary plat approval
immediately following anticipated rezoning success to maintain project momentum.
Monitoring lift station construction progress
closely over the coming weeks to validate the October 2026 completion timeline and assess project risk.
Pursuing Infrastructure Financing District (IFD) approval
to secure prepaid interest funding that can be strategically invested while minimizing carrying costs.
Finalizing all engineering documentation
and entitlement requirements to position the project for a successful exit.
LOOKING FORWARD
The Meibos project is poised for a pivotal week with the county rezoning meeting scheduled. With construction underway on the critical lift station infrastructure, multiple national builders expressing serious acquisition interest, and clear decision milestones established for January 2026, the team is well-positioned to capitalize on the project's momentum following anticipated rezoning approval. The development of multiple exit pathways provides strategic flexibility to optimize investor outcomes while managing timeline and infrastructure completion risks.
This update reflects project status as of December 16, 2025. For specific questions or additional information, please contact the project management team.