Surety Maintenance Bond Template - City of Johns Creek, Georgia (United States)

Surety Maintenance Bond Template is a legal document that was released by the Community Development Department - City of Johns Creek, Georgia - a government authority operating within Georgia (United States). The form may be used strictly within City of Johns Creek.

FAQ

Q: What is a surety maintenance bond?A: A surety maintenance bond is a type of financial guarantee obtained by the City of Johns Creek, Georgia to ensure that certain public infrastructure, such as roads or utilities, will be properly maintained by the developer.

Q: Why does the City of Johns Creek require a surety maintenance bond?A: The City of Johns Creek requires a surety maintenance bond to protect the interests of the community and ensure that developers fulfill their obligations to maintain public infrastructure in a safe and acceptable condition.

Q: Who is responsible for obtaining a surety maintenance bond?A: The developer or property owner is responsible for obtaining a surety maintenance bond as part of the City of Johns Creek's requirements for development projects.

Q: How does a surety maintenance bond work?A: In the event that the developer fails to properly maintain the public infrastructure, the City of Johns Creek can make a claim against the surety maintenance bond to cover the cost of necessary repairs or maintenance.

Q: What happens if a claim is made against a surety maintenance bond?A: If a claim is made against a surety maintenance bond, the surety company that issued the bond may investigate the claim and determine the appropriate course of action, which may include reimbursing the city for incurred expenses.