Item Number: 4
City Council / Board of Directors
Consent Calendar
Meeting of: May 20, 2025
Submitted By:
Fredy Bonilla, City Engineer
Subject:
Reduction of Securities for Tract Map No. 17241
Recommendation:
That the Honorable City Council approve the full release of the Water, Sewer, Drainage, Monumentation, and Street Improvement Labor and Materials Securities for Tract Map No. 17241.
Fiscal Impact:
There is no fiscal impact as a result of this action.
Strategic Plan Goal:
This item aligns with “Goal E Invest in Infrastructure” in the City of Victorville Strategic Plan 2023-2026. Although this is not a Capital Improvement Project, we apply the same strategy to private development projects as they are essential in meeting the community’s needs.
Background:
Tract Map No. 17241 (Tract 17241) encompasses a residential area with 79 lots, located at the northeast corner of Third Avenue and Silica Drive. The conditions of approval for the tract required the developer to complete various infrastructure components, including the Water, Sewer, Drainage, Streets, and Monumentation Public Improvements. On May 20, 2021, a Subdivision Improvement Agreement (SIA) was recorded and secured by improvement bonds with KB Home Coastal, Inc., also known as KB Homes, for the development of the tract. The developer has made significant progress in development, and at the regular City Council meeting held on October 1, 2024, the City Council approved and accepted the completed Water, Sewer, Drainage, and Street Improvements.
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Discussion:
Per Victorville Municipal Code Section 17.64.070(3), the Labor and Materials Securities are held for a 6-month period to allow subcontractors that have furnished labor, materials, or equipment, to file a claim for payment. Therefore, staff recommends the full release of the Water, Sewer, Drainage, and Street Public Improvement Labor and Materials Securities due to the acceptance taking place at the October 1, 2024, regular City Council meeting and because no claims have been filed on the Labor and Materials security. The developer posted Labor and Material Securities for Monumentation; however, these were not required and can be released in their entirety.
Staff appreciates KB Homes for being a great development partner. In addition to completing the undeveloped tract, KB Homes complied with the City’s Punch List including the installation of the AC cap and slurry sealing the interior and perimeter roads of Silica Drive and Third Street.
Staff is available for any questions Council may have.
Attachments: A. Vicinity Map
B. Securities Table
C. Existing Securities