Private entities are required to provide bonds for incomplete public improvements according to Ordinance 30-4-20.
The City requires a financial surety from the developer to guarantee that privately constructed public improvements are completed. Examples of public improvements are roadway, water and sewer, erosion controls, and sidewalks. The bond allows the developer to record the plat prior to completing the required improvements.
Prior to determining the bond amount, the developer is required to submit construction plans to the TRC committee for review. The TRC committee determines the required public improvements.
- Developer submits a subdivision plat to the Planning and Community Development Department for recording and an engineers' estimate of all uncompleted public improvements.
- The City calculates a bond amount based on the estimate and actual work performed to date.
- The developer provides the surety amount to the City in the form of a Subdivision Bond, Letter of Credit, certified check, line of credit, or certificate of deposit.
- The City records the plat with Guilford County’s Register of Deeds.
- Once the public improvements are completed, a City inspector issues a final inspection report.
- The developer agrees to warranty his work for one year by submitting an affidavit.
- The surety will be released and returned to the developer after the warranty Affidavit has been received.
Phone: 336-373-2874 or 336-373-2302
300 W. Washington St., third floor
Greensboro, NC 27401
Business Hours: Monday-Friday, 8 am to 5 pm