By Laura Newell Telegraph staff writer

After more than a decade of planning, the city of Folsom pushed forward on its bid Tuesday night to annex 3,500 acres south of Folsom, voting unanimously to send the expansion plan to the local body empowered to make a final decision.

On September 7, 2010 the Rancho Cordova City Council unanimously approved the Limited Entitlements for Rio Del Oro, a project that proposes mixed-use development. The Limited Entitlement Package includes the Specific Plan that established a land plan, zoning standards, and design guidelines, as well as preliminary phasing plans, Certification of the Environmental Impact Report (“EIR”) and a Tier I Development Agreement.

In 2009 Easton Development sold 5.3 acres of land within the planned Office Project adjacent to Glenborough at Easton to the Folsom Cordova Unified School District (“District”). The District plans to construct a four-story Education Services Center that will combine six different sites into one conveniently located facility in the geographic center of its school district.

By Mark Anderson, Staff Writer, Sacramento Business Journal

Rancho Cordova rocket motor maker GenCorp Inc. on Friday said it has formed Easton Development Co. LLC to concentrate on the development of GenCorp’s excess land in Eastern Sacramento County. The company for six years has been working to prepare large tracts of undeveloped land for sale and development.

GenCorp Inc. (NYSE: GY) announced today that the Sacramento County Board of Supervisors has unanimously approved the Final Environmental Impact Report and amendments to Sacramento County’s General Plan for the Glenborough at Easton and Easton Place project.