Bond Forms - City of Escondido

Bonds are required to provide security for construction of all aspects of construction projects in accordance with the approved plans by the City Engineer. Bond amounts are calculated by using latest City's Cost Estimate Schedule.

Process of Bonds

All bonds and/or sureties that are non-negotiable are processed by the Office Section, forwarded to the City Attorney for approval and filed with the City Clerk. All cash deposits, checks, certified checks and any other negotiable bonds and or sureties are processed by the Office Section and deposited with the Finance Department. See municipal codes
33-1057, 32.205.03.

Release of Security

Full or partial release of the public and private improvements securities are processed by the Engineering Services Field Engineering Office.

Types of Security

Surety Bonds
Irrevocable Letter of Credit
Trust Agreement Bonds
Certificate of Deposit
Cash Deposit

Agreements

Agreements acknowledging that all improvements will be completed, signed by the owner and recorded with the securities.

Subdivision Agreements
Single Lot Agreements

Subdivision Security Bonds and Agreements

Subdivision Agreement – The amount listed will be the same amount as the Faithful Performance Bond
Subdivision Surety Bonds
1. Faithful Performance Bond (100% of public improvements cost)
2. Labor & Material Bond (50% of public improvements cost)
3. Guarantee & Warranty Bond (10% of public improvements cost)
4. Monumentation Bond
5. Grading Bond (100% of Grading, Erosion Control and Landscaping cost)
6. Cash Clean-up Security Bond (10% of Grading Bond, Min. $5,000)

Single Lot & Non-Subdivision Security Bonds and Agreements