Cities Index.
Attachment B - Securities Table

Victorville City Council
November 19, 2024

Document
Attachment B - Securities Table
Meeting
November 19, 2024
Body
Victorville City Council
Original file
420 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
Water, Drainage, Street, Traffic Signal & Monumentation Bond Totals:

Faithful Performance Security
Water Improvements – No. 100026095 Labor & Materials Security Water Improvements – No. 100026095
Amount of ORIGINAL Security: $36,180.00 Amount of ORIGINAL Security: $18,090.05 Amount of Security CURRENTLY: $36,180.00 Amount of Security CURRENTLY: $18,090.05 Amount of Security being REDUCED: $21,708.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $14,472.00 Amount of Security REMAINING: $18,090.05 Faithful Performance Security
Drainage Improvements – No. 100026095 Labor & Materials Security Drainage Improvements – No. 100026095
Amount of ORIGINAL Security: $15,175.00 Amount of ORIGINAL Security: $7,587.73 Amount of Security CURRENTLY: $15,175.00 Amount of Security CURRENTLY: $7,587.73 Amount of Security being REDUCED: $9,105.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $6,070.00 Amount of Security REMAINING: $7,587.73 Faithful Performance Security
Street Improvements – No. 100026095 Labor & Materials Security Street Improvements – No. 100026095
Amount of ORIGINAL Security: $674,182.00 Amount of ORIGINAL Security: $337,091.22 Amount of Security CURRENTLY: $674,182.00 Amount of Security CURRENTLY: $337,091.22 Amount of Security being REDUCED: $404,509.20 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $269,672.80 Amount of Security REMAINING: $337,091.22 Faithful Performance Security
Traffic Signal Improvements – No. 100026095 Labor & Materials Security Traffic Signal Improvements – No. 100026095
Amount of ORIGINAL Security: $869,063.00 Amount of ORIGINAL Security: $434,531.50 Amount of Security CURRENTLY: $869,063.00 Amount of Security CURRENTLY: $434,531.50 Amount of Security being REDUCED: $521,437.80 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $347,625.20 Amount of Security REMAINING: $434,531.50 Securities Table
Water, Sewer, Drainage, Street, Traffic Signal & Monumentation Bond Totals:

Developer:

Bear Valley Development Company, LLC
Bear Valley Road and 2ND Avenue, LLC
12300 Wilshire Blvd #410
Los Angeles, CA 90025

Faithful Performance Security
Monumentation Improvements – Cash Bond

Amount of ORIGINAL Security: $4,092.00
Amount of Security CURRENTLY: $4,092.00
Amount of Security being REDUCED: $0.00
Amount of Security REMAINING: $4,092.00

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