REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
June 23, 2020
FROM
TERRI RAHHAL, Director, Land Use Services Department
SUBJECT
Title
Amendment No. 4 to Tolling Agreement for Tract No. 10608-2, in the Community of Lake Arrowhead; Subdivider: Oakridge Estates Grand Finale, LLC
End
RECOMMENDATION(S)Recommendation
Approve Amendment No. 4 to the Tolling Agreement with the project subdivider, Oakridge Estates Grand Finale, LLC, and the surety, Travelers Casualty and Surety Company, for Tract No. 10608-2, that extends the terms of the Tolling Agreement by one year, from July 2, 2020 to July 2, 2021.
(Presenter: Terri Rahhal, Land Use Services Director, 387-4431)
Body
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
Approval of this item will not impact Discretionary General Funding (Net County Cost). The existing securities for this development, as listed in the table below, are adequate for the construction of the required improvements. These securities will remain in effect until released by the Board of Supervisors (Board) or the Chief Executive Officer.
Improvement
Performance
Labor and Materials
Road and Drainage
$1,275,000 (Surety)
$637,500 (Surety)
Sewer
$2,354,000 (Surety)
$1,177,000 (Surety)
Water
$2,265,000 (Surety)
$1,132,500 (Surety)
BACKGROUND INFORMATION
The current Tolling Agreement with the project subdivider, Oakridge Estates Grand Finale, LLC, and the surety company, Travelers Casualty and Surety Company, expires on July 2, 2020. The Tolling Agreement extends any applicable statute of limitations period associated with the current improvement agreements and securities. Amendment No. 4 to the Tolling Agreement will extend the applicable statute of limitations period to July 2, 2021.
On June 14, 2016 (Item No. 72), the...
Click here for full text