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Sausalito, CA – Grading Permit Bond
A grading permit bond is a type of surety bond that is typically required by a municipality or county when a property owner or contractor applies for a grading permit. Grading refers to the process of changing the elevation or contour of a piece of land, typically for construction purposes.
The purpose of a grading permit bond is to ensure that the grading work is done in accordance with the approved plans and specifications, and that any damage or harm caused by the grading work is properly remedied. The bond provides a guarantee that the property owner or contractor will comply with all applicable laws, regulations, and permit conditions, and will pay any fines or damages resulting from non-compliance.
In Sausalito, CA, the City requires a grading permit bond for any grading work that exceeds 50 cubic yards, or involves the removal of any trees. The bond amount is typically equal to 125% of the estimated cost of the grading work, as determined by the City Engineer.
The grading permit bond must be obtained from a licensed surety company, and the bond form must be approved by the City Attorney. The bond must remain in effect for the duration of the grading work, and may be released upon completion of the work and satisfaction of all permit conditions.
It’s important to note that the grading permit bond is not the same as liability insurance, which provides coverage for bodily injury or property damage resulting from the grading work. The bond is a form of financial guarantee, and does not provide any protection against accidents or injuries.
Bond Amount
In Sausalito, CA, the amount of the grading permit bond required by the City is typically equal to 125% of the estimated cost of the grading work, as determined by the City Engineer.
Therefore, the exact amount of the bond will vary depending on the specific project and the estimated cost of the grading work. Property owners or contractors should contact the City of Sausalito’s Department of Public Works for more information on the estimated cost of the grading work and the specific requirements for obtaining a grading permit bond.
Purpose
The purpose of the Sausalito, CA – Grading Permit Bond is to provide a financial guarantee to the City of Sausalito that the property owner or contractor will comply with all applicable laws, regulations, and permit conditions related to grading work on a property.
The bond ensures that the grading work is done in accordance with the approved plans and specifications and that any harm or damage caused by the grading work is properly remedied. If the property owner or contractor fails to comply with the conditions of the permit, the City can make a claim against the bond to cover any fines or damages resulting from non-compliance.
The grading permit bond also protects the City of Sausalito and its residents by providing a source of funds to remedy any harm or damage caused by the grading work if the property owner or contractor is unable or unwilling to do so.
Coverage
The Sausalito, CA – Grading Permit Bond provides coverage to the City of Sausalito for any fines or damages resulting from non-compliance with the conditions of the grading permit.
If the property owner or contractor fails to comply with the permit conditions, the City can make a claim against the bond to cover any financial losses resulting from the non-compliance. The bond provides a source of funds to remedy any harm or damage caused by the grading work if the property owner or contractor is unable or unwilling to do so.