A bond reduction may be requested when the project has reached at least 30 percent completion. The bond may be reduced up to 80 percent prior to final release. The bond reduction process may take up to thirty 30 days.
- Bond Reduction/Release Application
- Sealed and signed reduction spreadsheet (please take the original Bond Estimate Review Spreadsheet (Excel Spreadsheet) used for the project and add a reduction column)
- $500 fee
- Digital copy of reduction spreadsheet in Microsoft Excel format.
Stormwater Management Facility Bonds
Before any bond for stormwater management facilities can be reduced, a completed As-Built Application & Maintenance Agreement must be provided for review and approval.