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SUBDIVISION COMPLETION SURETY BOND STREET TREES BOND NO.: KNOW ALL MEN BY THESE PRESENTS, that we, herein called “Principal whether one or more, and * a corporation duly authorized to do a surety
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How to fill out subdivision completion surety bond
How to fill out subdivision completion surety bond
01
Obtain a copy of the subdivision completion surety bond form from the appropriate local government authority.
02
Read and understand the terms and conditions outlined in the form.
03
Gather all the necessary information and documentation required to fill out the form, such as the developer's name, address, and contact details.
04
Identify and provide details of the specific subdivision project for which the bond is being filled out.
05
Determine the amount of the surety bond required and ensure it meets the minimum legal requirements.
06
Fill out all the required fields in the form accurately and thoroughly, ensuring no information is omitted or incomplete.
07
If necessary, attach any additional supporting documents or information requested in the form.
08
Double-check all the information provided to ensure its accuracy before submitting the completed form.
09
Sign the form and have it notarized, if required by the local government authority.
10
Submit the completed subdivision completion surety bond form and any accompanying documents to the appropriate local government authority, following their specified submission process.
Who needs subdivision completion surety bond?
01
Developers or construction companies involved in subdivision projects typically need a subdivision completion surety bond.
02
Local government authorities may also require developers to obtain this type of bond to ensure the completion of infrastructure, utilities, and other improvements as per the approved subdivision plans.
03
The bond helps protect the local government and property buyers in case the developer fails to complete the necessary work or meet their contractual obligations.
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