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Staff reports bonds and letters of credit current; one expiring in August
5520587 · August 1, 2025
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Summary
Planning staff told the commission the bond list is current and that one performance bond is expiring in August but will be renewed soon.
Planning staff told the La Verne Planning Commission on July 29 that the city’s bond list is up to date and that one bond is due to expire in August. Staff said the bondholder is already working on renewal and that an updated bond instrument likely will be submitted within days. The commission accepted the update and adjourned the meeting. No further details about project names or bond amounts were provided at the meeting.
