You can apply to bond drinking or recycled water or wastewater infrastructure. This can allow early clearance of a land development before the works are completed.
If your request to bond is accepted, you still have to accept the conditions set by the Land Developer Agreement.
You require a financial guarantee as security. This is an agreement between you and an approved financial institution. The institution must guarantee your duty to complete the works.
The guarantee must be unconditional. The financial institution must have no interest in the development.
To be acceptable, the financial guarantee must:
There are six steps in the bonding process.
To apply for a bond, email Major Land Developments.