Performance Security

Performance Security

Stormwater: All Stormwater Control Measures requires a performance security to be provided to the City. A construction cost estimate of the SCM must be provided with the initial submittal for review. Once the estimate is approved, a bond may be obtained.

  • Commercial – 75% of the estimated cost of SCM construction PRIOR to Infrastructure Permit Approval
  • Residential – 100% of the estimated conversion cost from erosion control measure to SCM PRIOR to Final Plat Approval

Sidewalk: A sidewalk bond is required if a required if a sidewalk bond has not yet been completed.

  • Commercial – The sidewalk must be installed on a commercial site prior to CO. In some extenuating circumstances (i.e. planned road construction) bonding the sidewalk may be allowed.
  • Residential – A sidewalk bond 75% of the estimated sidewalk cost must be provided prior to Final Plat.

Truck Route: A truck route bond may be required if a City Street is to be used for construction traffic. A bond amount will be assessed based off of the Truck Route Application submitted with the initial plan submittal.

  • Commercial & Residential – 100% of the estimated truck route bond cost calculated from the application received.

The City accepts the following types of Bonds:

  1. Cash Bond
  2. Surety Bond
  3. Letter of Credit

Please provide the appropriate bond form for the bond purpose and type:

Stormwater

Sidewalk/Other Improvements

Truck Route

Cash Bond

Cash Bond

Cash Bond

Surety Bond

Surety Bond

Surety Bond

Letter of Credit

Letter of Credit