FONTANA June 29, 2023
CALIFORNIA
Stacey Sassaman, Vice President - Planned Communities
Lewis Management Corp.
1156 N. Mountain Avenue
Upland, CA 91786
City Council
RE: Bond Reduction for Tract No. 20362 (Duncan Canyon Road, Sierra Avenue, and Cypress Acquanetta Warren Avenue, Offsite Improvements) at The Gardens Village within The Arboretum Specific Plan Mayor
eter A. Garcia Dear Ms. Sassaman:
Mayor Pro Ten
The City Council of the City of Fontana, at the regular meeting on June 13, 2023 approved the request John B. Roberts for an 80% reduction in securities from North Fontana Investment Company, LLC, a Delaware limited ouncil Member
liability company for the public improvements required for Tract No. 20362. Therefore, the City of Jesus "Jesse" Sandoval Fontana hereby reduces the following bonds as follows:
Council Member
Phillip W. Cothran Tract No. Bond Description Bond No. Bond Amount Reduce To Council Member 20362 (Duncan Canyon Faithful Performance and 024251510 $2,283,430.00 $456,686.00
Road Offsite Labor and Materials
Improvements)
20362 (Sierra Avenue Faithful Performance and 024251511 $2,339,492.00 $467,898.40 Offsite Improvements) Labor and Materials
20362 (Cypress Avenue Faithful Performance and 024251512 $2,156,816.00 $431,363.20 Offsite Improvements) Labor and Materials
If there should be any questions regarding this matter, please contact Emeralda Gomez, at (909) 350-6552, or email at [email protected]
Sincerely,
Department of Engineering, Land Development Section
Esmeralda Gomez
Associate Engineer
CC: Project File
CITY OF FONTANA 8353 SIERRA AVENUE, FONTANA, CALIFORNIA 92335 www.Fontana.org