Tejon Mountain Village Unanimously Approved by Kern County Board of Supervisors

October 6, 2009 – Bakersfield, Calif. – The Kern County Board of Supervisors voted last night to approve development of Tejon Mountain Village, a remarkable mountain resort community planned 60 miles north of Los Angeles within Tejon Ranch. The new community is being developed by Tejon Mountain Village LLC, a joint venture of historic landowner Tejon Ranch Company and DMB, one of the most respected real estate companies in the West.

“We’ve worked for a decade to make Tejon Mountain Village the greenest, most environmentally sustainable community ever proposed in Kern County. But the project’s significance runs deeper than that,” said Roberta Marshall, General Manager and Vice President of Tejon Mountain Village. “With the Supervisor’s unanimous approval, our focus turns to delivering the many economic and environmental benefits to the region.”

The Kern County Board of Supervisors were effusive in their praise for the community, noting its environmental sensitivity, the care and planning that went into its design, and the role Tejon Mountain Village will play as a prestigious new gateway to Kern County.

“I am supporting Tejon Mountain Village because this development sets the new standard for Kern County, the state of California, and indeed, this nation,” said Supervisor Ray Watson, whose district includes Tejon Mountain Village.

Supervisor Mike Maggard commented on the plan’s environmental sensitivity, saying, “I don’t know how a plan can be more thorough and aggressive in addressing environmental concerns.”

The Tejon Ranch & DMB Partnership
The partnership between Tejon Ranch and DMB began in 2006 and pairs two of the foremost real estate companies in the West, both with deep roots in sustainable planning and successful track records of environmental stewardship

“We’ve maintained a steadfast commitment to our vision of conservation, continued ranching and farming, and the planning of environmentally sensitive communities to provide for California’s future,” said Bob Stine, President and CEO of Tejon Ranch Company. “Tejon Mountain Village is the manifestation of this vision, and we are very pleased with the Kern County Board of Supervisor’s unanimous approval.”

“Our company has a long standing commitment to creating innovative communities that thoughtfully and responsibly address the environment,” said Eneas Kane, President and CEO of DMB. “Alongside Tejon Ranch Company, we believe we have created a vision and a plan for Tejon Mountain Village that will allow it to become a model of environmental sustainability and a true legacy community.”

The community’s approval comes just days after California Governor Arnold Schwarzenegger honored Stine and Kane for their work on the Tejon Ranch Conservation & Land Use Agreement, an accord between Tejon Ranch and five of the nation’s leading environmental organizations to conserve up to 90 percent Ranch, including much of Tejon Mountain Village’s 21,335 acres of open space.

Community Details
Tejon Mountain Village is planned on 26,417 acres in the Tehachapi Mountains. The plan will preserve 80 percent of the land as open space – or about 33 square miles. The developed portion of the community will consist of:

• Resort and recreational facilities, including up to 750 hotel rooms, golf and equestrian opportunities and about 75 miles of hiking, biking and equestrian trails;

• Up to 3,450 new homes (ranging from resort condominiums to multi-acre custom lots); and

• 160,000 square feet of publicly accessible commercial space.

The community is expected to generate an estimated 3,100 new jobs, including 1,600 construction jobs during the expected 15- to 20-year build-out process and 1,500 permanent positions. The community will also provide funding for public services such as fire stations and equipment, Sheriff facilities, libraries and schools as well as provide improvements to local interchanges along Interstate 5.

The homes in Tejon Mountain Village will also help fund the Tejon Ranch Conservancy, an independent body established to guide the stewardship of up to 90 percent of the Ranch (240,000 acres) that will be conserved as open space.

Next Steps
With approval by the Board of Supervisors, Tejon Mountain Village team will initiate the process of obtaining a number of discretionary permits and approvals from regional, state and federal agencies, which are necessary to acquire before construction can begin.

Jill Hegardt

Vice President

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