Bonds

Prior to approval of a record plat or site plan, the developer or property owner must provide a financial guarantee in the form of a corporate surety bond, a letter of credit from a bank, or cash to assure the timely construction and completion of improvements in accordance with the approved plans.

There are two types of bonds:

Erosion & Sediment Control Bonds

Performance & Proffer Bonds

Types of bonding collateral accepted  (in order of preference):

  • Cash (Certified Check or Cashier's Check)
  • Letter of Credit from a Bank with a Highline Rating of 35 or better
  • Corporate Surety Bond from an institution with a size of VIII or better and an AM Best rating of A or A+
  • Find more information on preferred collateral.

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