APPENDIX F

BOND NO.______________

 

PLANNING COMMISSION

125 EAST AVENUE

P.O. BOX 5125

NORWALK, CONNECTICUT 06856-5125

BOND FOR COMPLETION OF LAND SUBDIVISION OR RESUBDIVISION IMPROVEMENTS

 

KNOW ALL MEN BY THESE PRESENTS:

THAT WE, ___________________________________________________________________

of the City of ___________________, as PRINCIPAL and _____________________________

a corporation duly licensed to conduct a surety business in the State of Connecticut and having its principal office at _________________________________________, as SURETY, are jointly and severally bond unto the City of Norwalk, Connecticut in the amount ($ _____________ ) for which payment, well and truly to be made, we jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents.

Signed, Sealed and Delivered this ____________ day of ______________ 19 __________.

THE CONDITION OF THIS OBLIGATION IS SUCH THAT:

WHEREAS, the PRINCIPAL has made application to the Planning Commission for the approval of a plan for the subdivision or resubdivision of certain land located in the City of Norwalk, which plan is entitled____________________________________________________

_____________________________________________________________________________

____________________________________________________________________________,

was made by _________________________ and is dated _______________________________.

WHEREAS, the Planning Commission has approved said plan on condition that the PRINCIPAL file with the Commission a bond in the amount of $ ______________, with surety and conditions satisfactory to the Commission securing to the City the actual completion within one year of certain work and installations required by the Commission, as more fully appears in the record of the hearings of the Commission on the PRINCIPAL's application, which record is hereby made a part hereof;

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NOW, THEREFORE, if the PRINCIPAL shall on or before _______________________

_____________ 19 ________________, make and complete to the satisfaction of the Planning Commission, the work and installation herein referred to, this obligation shall be null and void; otherwise, the PRINCIPAL and SURETY shall pay to the City of Norwalk the amount of the bond or the amount of any reasonable estimate to complete said work and installations; provided; however, the amount which the PRINCIPAL and SURETY shall be required to pay hereunder shall not, in any event, exceed the penal sum hereof.

NOTWITHSTANDING THE FOREGOING, the Subdivision Committee of the Planning Commission, shall have the right to approve or disapprove modifications of this bond, upon application of the PRINCIPAL, as follows:

 

a) Reduction in bond amount not to exceed a total of 50%

b) Granting of extensions of time

c) Approving minor changes in construction design

 

 

Signed, Sealed and Delivered

in the Presence of:

1. ____________________L.S. ____________________L.S.

2. ____________________L.S. ____________________L.S.

3. ____________________L.S.

4. ____________________L.S.

 

1. Signatures of Surety Co. & Seal.

2. Signatures of Principal (&Seal).

3. & 4. Signatures of Witnesses.

 

This form is available at the Planning Commission office.

 

BOND INSTRUCTIONS

 
  1. The Bond form, obtainable from the Planning Commission, is the only one acceptable to the Planning Commission of the City of Norwalk.
  2. The Bond should be completed and filed with the Planning Commission of the City of Norwalk after notification of approval of the Subdivision or resubdivision by the Planning Commission.
  3. The penalty of the Bond is the Planning Commission's estimate of the amount necessary to complete required improvements.
  4. The file on the subdivision or resubdivision may be inspected by a representative of a surety or prospective surety at the office of the Planning Commission.
  5. A copy of Commission Subdivision Regulations is available upon application to the Planning Commission.
  6. Power of Attorney of persons signing on behalf of the surety must be attached to the Bond if not already on file with the Planning Commission.
  7. If the person acting as Attorney for the surety company is not a licensed Connecticut resident agent of the State of Connecticut, then this Bond shall be countersigned by a licensed Connecticut resident agent of the company.
  8. The signature of two (2) witnesses is required on the Bond.
  9. If the Subdivision or resubdivision Sponsor is a Corporation, then the Corporate seal must be shown in addition to the Seal of the Bonding Company.
  10. The Bond must show the Bond Number and the name of the Bonding Company's local agent.
  11. The City of Norwalk requires a completion date of one year, although the Bond is of longer duration. Therefore, the date shown on the Bond for completion to the satisfaction of the Planning Commission of the City of Norwalk, should be ONE YEAR LATER than the date the Bond is signed, sealed and delivered.
  12. The Commission will consider applications for extension of time to complete improvements when good cause for delay is shown.
  13. Upon request of the Developer or Surety, the Committee on Subdivisions will, at reasonable intervals, report on the partial completion of improvements.
  14. Application for release of the Bond, upon completion of the required work, must include engineering certification of required improvements, "As-Built" drawings of a Plan and Profile showing location, dimensions, elevations, profiles, etc. of all improvements, including fire hydrants and monuments as they exist. The"As-Built" drawings must be signed and sealed by a surveyor licensed in the State of Connecticut.
  15. The Planning Commission shall not release any Road Bonds until the "As-Built" drawings and all improvements have been approved by the Planning Commission and the road has been accepted by the Common Council. No road completed after October 31st shall be accepted prior to April 1st of the succeeding year.