REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
May 5, 2026
FROM
NOEL CASTILLO, Director, Department of Public Works - Solid Waste Management
SUBJECT
Title
Application to Amend Irrevocable Standby Letter of Credit with Wells Fargo Bank for the San Gabriel Valley Water Company
End
RECOMMENDATION(S)
Recommendation
Approve Application to Amend Irrevocable Standby Letter of Credit between San Bernardino County and Wells Fargo Bank, in favor of the San Gabriel Valley Water Company, in the amount of $1,215,750 at a cost of approximately $40,000, effective July 1, 2026 through June 30, 2027.
(Presenter: Noel Castillo, Director, 387-7906)
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COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally Responsible and Business-Like Manner.
Provide for the Safety, Health and Social Service Needs of County Residents.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost) as the Department of Public Works (Department) - Solid Waste Management Division (SWMD) is funded by fee revenue. SWMD establishes fees that are charged to the public and other agencies for utilization of the County's Waste Disposal System. The Irrevocable Standby Letter of Credit, issued by Wells Fargo Bank, will be in the amount of $1,215,750, which is an increase of $145,950 from last year. The increased amount is due to an increase in the estimated budget submitted by San Gabriel Valley Water Company (SGVWC) for 2026-27. The estimated cost for the Irrevocable Standby Letter of Credit is $40,000. Sufficient appropriation will be included in the SWMD 2026-27 Recommended Budget.
BACKGROUND INFORMATION
In accordance with Agreement No. 98-947 (Agreement) between San Bernardino County (County) and SGVWC, which was approved by the Board of Supervisors (Board) on November 10, 1998 (Item No. 33), the County is required to post, annually, an Irrevocable Sta...
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