Cities Index.
Attachment B - Securities Table

Victorville City Council
July 16, 2024

Document
Attachment B - Securities Table
Meeting
July 16, 2024
Body
Victorville City Council
Original file
141 KB
Text extracted from the city's file for reading and search. Open the original on victorvilleca.primegov.com. That file is the official record.

Attachment B
Securities Table

Securities Table
LMAD, Monumentation, Sewer, Street, & Storm Drain Bond Totals:

Faithful Performance Security
Street Improvements – No. 1155777
Labor & Materials Security
Street Improvements – No. 1155777
Amount of ORIGINAL Security: $1,428,288.40 Amount of ORIGINAL Security: $714,144.20 Amount of Security CURRENTLY: $1,428,288.40 Amount of Security CURRENTLY: $714,144.20 Amount of Security being
REDUCED: $1,142,630.72 Amount of Security being
REDUCED: $0.00
Amount of Security REMAINING: $285,657.68 Amount of Security REMAINING: $714,144.20 Faithful Performance Security
Storm Drain Improvements – No. 1155778
Labor & Materials Security
Storm Drain Improvements – No. 1155778
Amount of ORIGINAL Security: $6,380.00 Amount of ORIGINAL Security: $3,190.00 Amount of Security CURRENTLY: $6,380.00 Amount of Security CURRENTLY: $3,190.00 Amount of Security being REDUCED: $5,104.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $1,276.00 Amount of Security REMAINING: $3,190.00 Faithful Performance Security
Sewer Improvements – No. 1155779
Labor & Materials Security
Sewer Improvements – No. 1155779
Amount of ORIGINAL Security: $34,366.75 Amount of ORIGINAL Security: $17,183.38 Amount of Security CURRENTLY: $34,366.75 Amount of Security CURRENTLY: $17,183.38 Amount of Security being REDUCED: $27,493.40 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $6,873.35 Amount of Security REMAINING: $17,183.38 Faithful Performance Security
Water Improvements – No. 1155776
Labor & Materials Security
Water Improvements – No. 1155776
Amount of ORIGINAL Security: $130,157.50 Amount of ORIGINAL Security: $65,078.75 Amount of Security CURRENTLY: $130,157.50 Amount of Security CURRENTLY: $65,078.75 Amount of Security being REDUCED: $104,126.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $26,031.50 Amount of Security REMAINING: $65,078.75

Securities Table
LMAD, Monumentation, Sewer, Street, & Storm Drain Bond Totals:

Developer:

K. Hovnanian CA Land Holdings, LLC
400 Exchange, Suite 200
Irvine, CA 92602

Faithful Performance Security
LMAD Improvements – No. 1155781
Labor & Materials Security
LMAD Improvements – No. 1155781
Amount of ORIGINAL Security: $200,664.42 Amount of ORIGINAL Security: $100,332.21 Amount of Security CURRENTLY: $0.00 Amount of Security CURRENTLY: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $0.00 Amount of Security REMAINING: $0.00 Faithful Performance Security
Monumentation Improvements – No. 1155780
Amount of ORIGINAL Security: $43,109.00
Amount of Security CURRENTLY: $43,109.00
Amount of Security being REDUCED: $0.00
Amount of Security REMAINING: $43,109.00

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