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 Utah
Utah cities and counties may accept an improvement completion assurance, such as a bond, so a developer can record a plat before required public improvements are finished. State land use law sets the limits.
- Utah recodified its municipal land use law; newer city ordinances cite Utah Code 10-20-807 for completion assurance. Confirm the current section number.
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.