REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
January 14, 2025
FROM
MARK WARDLAW, Director, Land Use Services Department
SUBJECT
Title
Assignment of Improvement Agreement and Replacement and Release of Bond Securities, Tract No. 20016, Fontana area
End
RECOMMENDATION(S)
Recommendation
1. Approve Assignment, Consent to Assignment and Amendment No. 1 to the road and drainage improvement agreements with Serena Village 206 Owner, LLC and accept replacement performance bond securities in the amount of $110,000, and labor and materials bond securities in the amount of $55,000, for the construction of the required road and drainage improvements for Tract No. 20016, consisting of 112 new condominium units located at the west side of Banana Avenue, approximately 600 feet south of Foothill Boulevard, within the Fontana area in an unincorporated portion of San Bernardino County.
2. Release the existing performance bond securities for the road and drainage improvements pledged by Inland Senior Development LLC in the amounts of $110,000, and labor and materials bond securities in the amount of $55,000, for Tract No. 20016.
(Presenter: Mark Wardlaw, Director, 387-4431)
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COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
FINANCIAL IMPACT
The approval of the assignment and substitution of bond securities for the existing securities will not result in the use of any additional Discretionary General Funding (Net County Cost). The substituted securities for this development, listed below, are adequate for the construction of the required improvements, which will be constructed at no direct cost to the County.
Improvement
Performance Amount
Labor & Material Amount
Road and Drainage
$110,000
$55,000
Surety*
BACKGROUND INFORMATION
On March 14, 2023 (Item No. 40)...
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