City of Wildomar Staff Report Bundy Canyon Road Rehab Project and Slurry Seal Project Contract Items 2026-05-13
Escrow agreement for road project retentions
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Description
Wildomar staff requests approval for a three-party Escrow Agreement with Citizens Business Bank and All American Asphalt to hold 5% construction retention funds for the Bundy Canyon Road Rehab and Slurry Seal projects. The escrow arrangement is established under Public Contract Code Section 22300 at the contractor’s expense.
Contract Details
Vendor
CITIZENS BUSINESS BANK
Agency
City of Wildomar, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Renewal Info
Single-purpose escrow agreement for construction retention under Public Contract Code Section 22300; no renewal terms described.
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