Cities Index.
Attachment B - Securities Table

Victorville City Council
May 20, 2025

Document
Attachment B - Securities Table
Meeting
May 20, 2025
Body
Victorville City Council
Original file
448 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, Sewer, Street, LMAD and Monumentation Bonds

Faithful Performance Security
Water Improvement - 30097298 Labor & Materials Security Water Improvement - 30097298
Amount of ORIGINAL Security: $60,441.70 Amount of ORIGINAL Security: $30,220.85 Amount of Security CURRENTLY: $12,088.34 Amount of Security CURRENTLY: $30,220.85 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $30,220.85 Amount of Security REMAINING: $12,088.34 Amount of Security REMAINING: $0.00 Faithful Performance Security
Drainage Improvement - 30097298 Labor & Materials Security Drainage Improvement - 30097298
Amount of ORIGINAL Security: $3,300.00 Amount of ORIGINAL Security: $1,650.00 Amount of Security CURRENTLY: $660.00 Amount of Security CURRENTLY: $1,650.00 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $1,650.00 Amount of Security REMAINING: $660.00 Amount of Security REMAINING: $0.00 Faithful Performance Security
Sewer Improvement - 30097298 Labor & Materials Security Sewer Improvement - 30097298
Amount of ORIGINAL Security: $50,729.25 Amount of ORIGINAL Security: $25,364.63 Amount of Security CURRENTLY: $10,145.85 Amount of Security CURRENTLY: $25,364.63 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $25,364.63 Amount of Security REMAINING: $10,145.85 Amount of Security REMAINING: $0.00 Faithful Performance Security
Street Improvement - 30097298 Labor & Materials Security Street Improvement - 30097298
Amount of ORIGINAL Security: $441,054.74 Amount of ORIGINAL Security: $220,527.37 Amount of Security CURRENTLY: $88,210.95 Amount of Security CURRENTLY: $220,527.37 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $220,527.37 Amount of Security REMAINING: $88,210.95 Amount of Security REMAINING: $0.00

Securities Table
Water, Drainage, Sewer, Street, LMAD and Monumentation Bonds

Developer:

Richmond American Homes
5171 California Ave Suite 120
Irvine, Ca 92617
Faithful Performance Security
LMAD Improvement - 30097299 Labor & Materials Security LMAD Improvement - 30097299
Amount of ORIGINAL Security: $170,486.25 Amount of ORIGINAL Security: $85,243.13 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 Improvement - 30104510
Amount of ORIGINAL Security: $12,100.00
Amount of Security CURRENTLY: $12,100.00
Amount of Security being REDUCED: $0.00
Amount of Security REMAINING: $12,100.00

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