Subdivision Bond
| For Existing Customers | For New Customers |
Subdivision Bond Request |
Projects UNDER $100,000.00, |
| Description of Bond: |
Developers start the subdivision process by filing maps (sometimes referred to as plats) with the public municipalities responsible for overseeing land use where the projects are located.These maps show the proposed configuration of the project, including public improvements necessary to serve the project.
Public improvements may include curbs and gutters, streets, sidewalks, utility lines, landscaping and storm drains.These will become the property of the public entity once the work is completed.Generally, installation of public improvements is a condition imposed on a developer for the project to proceed, and the developer is required to either complete the improvements upfront or furnish acceptable security, such as a bond, to guarantee the completion of the work.
Public improvements may include curbs and gutters, streets, sidewalks, utility lines, landscaping and storm drains.These will become the property of the public entity once the work is completed.Generally, installation of public improvements is a condition imposed on a developer for the project to proceed, and the developer is required to either complete the improvements upfront or furnish acceptable security, such as a bond, to guarantee the completion of the work.
| If you have any questions please call our office and speak to one of our bond specialists - 800-480-3883.. |
