Cities Index.
Attachment B - Securities Table

Victorville City Council
June 17, 2025

Document
Attachment B - Securities Table
Meeting
June 17, 2025
Body
Victorville City Council
Original file
558 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 - LICX1210775 Labor & Materials Security Water Improvement - LICX1210775
Amount of ORIGINAL Security: $628,256.20 Amount of ORIGINAL Security: $314,128.10 Amount of Security CURRENTLY: $628,256.20 Amount of Security CURRENTLY: $314,128.10 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $628,256.20 Amount of Security REMAINING: $314,128.10 Faithful Performance Security
Drainage Improvement - LICX1210775 Labor & Materials Security Drainage Improvement - LICX1210775
Amount of ORIGINAL Security: $134,939.00 Amount of ORIGINAL Security: $67,469.50 Amount of Security CURRENTLY: $134,939.00 Amount of Security CURRENTLY: $67,469.50 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $134,939.00 Amount of Security REMAINING: $67,469.50 Faithful Performance Security
Sewer Improvement - LICX1210775 Labor & Materials Security Sewer Improvement - LICX1210775
Amount of ORIGINAL Security: $535,001.50 Amount of ORIGINAL Security: $267,500.75 Amount of Security CURRENTLY: $535,001.50 Amount of Security CURRENTLY: $267,500.75 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $535,001.50 Amount of Security REMAINING: $267,500.75 Faithful Performance Security
Street Improvement - LICX1210775 Labor & Materials Security Street Improvement - LICX1210775
Amount of ORIGINAL Security: $1,139,657.27 Amount of ORIGINAL Security: $569,828.64 Amount of Security CURRENTLY: $1,139,657.27 Amount of Security CURRENTLY: $569,828.64 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $1,139,657.27 Amount of Security REMAINING: $569,828.64

Developer:

D.R. Horton
980 Montecito Drive Suite 300
Corona, CA 92879
Faithful Performance Security
LMAD Improvement – LICX1210775 Labor & Materials Security LMAD Improvement – LICX1210775
Amount of ORIGINAL Security: $122,513.16 Amount of ORIGINAL Security: $61,256.58 Amount of Security CURRENTLY: $122,513.16 Amount of Security CURRENTLY: $61,256.58 Amount of Security being REDUCED: $98,010.53 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $24,502.63 Amount of Security REMAINING: $61,256.58 Faithful Performance Security
Monumentation Improvement – LICX1210776
Amount of ORIGINAL Security: $26,235.00
Amount of Security CURRENTLY: $26,235.00
Amount of Security being REDUCED: $0.00
Amount of Security REMAINING: $26,235.00

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