Cities Index.
Attachment B - Securities Table

Victorville City Council
September 16, 2025

Document
Attachment B - Securities Table
Meeting
September 16, 2025
Body
Victorville City Council
Original file
425 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 - 08BSIM2747 Labor & Materials Security Water Improvement - 08BSIM2747
Amount of ORIGINAL Security: $1,313,211.79 Amount of ORIGINAL Security: $656,605.90 Amount of Security CURRENTLY: $1,313,211.79 Amount of Security CURRENTLY: $656,605.90 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $1,313,211.79 Amount of Security REMAINING: $656,605.90 Faithful Performance Security
Drainage Improvement – 08BSIM2746 Labor & Materials Security Drainage Improvement - 08BSIM2746
Amount of ORIGINAL Security: $296,483.28 Amount of ORIGINAL Security: $148,241.64 Amount of Security CURRENTLY: $296,483.28 Amount of Security CURRENTLY: $148,241.64 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $296,483.28 Amount of Security REMAINING: $148,241.64 Faithful Performance Security
Sewer Improvement – 08BSIM2748 Labor & Materials Security Sewer Improvement - 08BSIM2748
Amount of ORIGINAL Security: $1,481,640.49 Amount of ORIGINAL Security: $740,820.25 Amount of Security CURRENTLY: $1,481,640.49 Amount of Security CURRENTLY: $740,820.25 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $1,481,640.49 Amount of Security REMAINING: $740,820.25 Faithful Performance Security
Street Improvement - 08BSBIP9683 Labor & Materials Security Street Improvement - 08BSBIP9683
Amount of ORIGINAL Security: $4,728,217.05 Amount of ORIGINAL Security: $2,391,108.53 Amount of Security CURRENTLY: $4,728,217.05 Amount of Security CURRENTLY: $2,391,108.53 Amount of Security being REDUCED: $0.00 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $4,728,217.05 Amount of Security REMAINING: $2,391,108.53

Developer:

LGI Homes – California, LLC
495 E Rincon St Unit #101
Corona, Ca 92897
Faithful Performance Security
LMAD Improvement – 08BSBIP9684 Labor & Materials Security LMAD Improvement - 08BSBIP9684
Amount of ORIGINAL Security: $927,962.31 Amount of ORIGINAL Security: $463,981.16 Amount of Security CURRENTLY: $927,962.31 Amount of Security CURRENTLY: $463,981.16 Amount of Security being REDUCED: $742,369.85 Amount of Security being REDUCED: $0.00 Amount of Security REMAINING: $185,592.46 Amount of Security REMAINING: $463,981.16 Faithful Performance Security
Monumentation Improvement - 30104510
Amount of ORIGINAL Security: $95,500.00
Amount of Security CURRENTLY: $95,500.00
Amount of Security being REDUCED: $0.00
Amount of Security REMAINING: $95,500.00

← All documents from this meeting