What a subdivision bond is
Cities and counties often require a developer to bond the public improvements in a new subdivision or site plan, like streets, sidewalks, storm drains, sewer and water lines, before they approve the final map or permits. The bond guarantees the improvements are built to the agency's standards.
In District of Columbia
No District of Columbia law setting a subdivision improvement bond was found. When a developer dedicates a new street, the Council's acceptance has been made contingent on DDOT confirming in writing that the street improvements were built to its standards, or on an agreement with DDOT covering the improvements.
- Ask DDOT whether a bond or other security is required for your project's public improvements.
You need this bond if you're
- A developer or subdivider recording a final map
- A builder with a site plan that includes public improvements
- A contractor building improvements under a developer agreement
- An owner required to bond grading or erosion control
What the surety looks at
The project, the engineer's cost estimate for the improvements and the developer's finances. Larger projects need financial statements.