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 Wyoming
Wyoming counties approve subdivisions under Wyo. Stat. § 18-5-306, which requires the subdivider to provide a performance bond, acceptable letter of credit or other sufficient financial commitment so that the proposed facilities are completed. The amount reflects the estimated cost of the facilities and is set by the county.
- Cities and towns set their own subdivision rules; county subdivision resolutions, such as Uinta County's, repeat the state statute's financial-assurance language.
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.