Bond Estimate Review
The initial submission of the Surety Value Estimate form to the county will help determine the amount of a bond, or “surety,” which is based on the estimated cost to construct the required improvements per the Unit Price Schedule, plus other allowances such as administrative costs, inflation and possible damage to existing facilities.
A bond estimate review is initiated when a developer makes the second submission or first as final of site/subdivision plans to Site and Addressing Center on the second floor of the Herrity Building. As a part of the second submission of the site/subdivision plan process, a copy of the plan and forms listed below will be forwarded to the Bonds and Agreement Center for review.
- Surety Value Estimate Form
- Site Inspection Fee Estimate Worksheet
- Pro Rata Assessment Form (Effective July 1, 2015)
Staff from the Bonds and Agreement Center will determine the final bond amount and other project-specific requirements for the Bond and Permit Package which are listed in the Permit Letter (sample) and Bond Letter (sample) sent to the project engineer after the bond estimate review is complete.