§ 848. Project performance surety.  


Latest version.
  • Upon approval of development plans but before the issuance of a development permit, the applicant shall be required to post a performance bond and cash escrow for the project. The performance bond shall be in a format acceptable to the county attorney and the performance surety shall remain and not expire until a certificate of completion for the project is given by the county. The performance bond will be 100 percent of the amount listed below and at least 50 percent shall be in cash escrow.

    Residential 0-24 lots $75,000.00
    25-50 lots $100,000.00
    51-150 lots $125,000.00
    151-250 lots $150,000.00
    More than 250 lots Not less than the total estimated construction cost and maintenance cost of the facilities required by the storm water management plan and all work to be performed inside existing Jackson County rights-of-way (i.e., turn lanes, access improvements, etc.).
    Non-residential 0-5 acres $50,000
    5-10 acres $75,000
    10-50 acres $100,000
    More than 50 acres $125,000

     

(Ord. No. 17-003 , § 1, 10-2-2017)