The city of Calimesa has filed suit in federal court against Everest Reinsurance Co. to secure completion of public improvements for the Oak Valley Town Center at Summerwind Ranch development project.
The city alleges that Everest breached its obligations under six performance bonds by failing to complete required improvements or surrender the penal sums specified in the bonds.
The development project is a 219-acre commercial and business park project between Singleton Road and Cherry Valley Boulevard, the Yucaipa/Calimesa News-Mirror reported.
The bonds cover various improvements, including:
- Street improvements
- Storm drain improvements
- Drainage facilities
- Onsite traffic signals
- Roberts Road culvert improvements
- Landscape improvements
The six
