REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
July 27, 2021
FROM
TERRI RAHHAL, Director, Land Use Services Department
SUBJECT
Title
Amendment No. 5 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. 5 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, 2021, to July 2, 2022.
(Presenter: Terri Rahhal, 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 result in the additional use of Discretionary General Funding (Net County Cost). On July 2, 2002 (Item No. 23), the Board of Supervisors (Board) accepted the Performance and Labor and Material securities which guarantee the required construction and payment to the contractor, the subcontractors, and persons furnishing labor, materials, or equipment for the improvements. 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 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, expired on July 2, 2021. The Tolling Agreement ex...
Click here for full text