Dixon California Encroachment Permit Bond
Know why this bond is required and how to get one ASAP!
What is a Dixon California Encroachment Permit Bond?
Permit applicants for all construction works that will be performed within the public right-of-way in the City of Dixon is required to get this bond.
Encroachment work includes, but is not limited to, the following:
- Park and parking lot repairs
- Sidewalk repair and replacement
- Driveway repair and replacement
- Curb & gutter repair and replacement
- Water, sewer, and storm drain repairs
- Placement of trash dumpsters within street right-of-way
- Utility repair and/or upgrades within the street right-of-way and street public utility easements (PUE)
- Street closures
This requirement is in pursuance of Section 13.05.070 of the Dixon Municipal Code.
How does a Dixon California Encroachment Permit Bond work?
This bond is a legal contract between three parties known as the principal (permit applicant), surety (surety bond provider), and obligee (City of Dixon).
This bond will financially guarantee the principal’s fulfillment of all predetermined set of obligations to the obligee.
If the principal defaults on his or her bonded obligations, the Director of Public Works of the City of Dixon or his authorized representative will notify the principal and will give the principal a certain number of days to complete it.
If the principal fails to complete the job and perform the necessary adjustments within the given period, the obligee will be eligible to file a claim against the bond.
How much does a Dixon California Encroachment Permit Bond cost?
The bond cost can be as low as 1% of the bond amount. The bond amount will be determined by the Director of Public Works of the City of Dixon.
For example, if the bond amount is $30,000, your bond cost or the amount that you need to pay the surety will be $300.
The bond cost will depend on the principal’s credit score. The better the credit score, the lower the bond cost will be.
Once you have determined your bond amount, you can check your bond cost by getting your FREE SURETY BOND QUOTE HERE!
How can I get a Dixon California Encroachment Permit Bond?
In order to secure this type of bond, the permit applicant must seek the assistance of a surety bond company.
You will be asked to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
Once the application is received, the surety bond company will immediately process it. In our case, one of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the prequalification process is fulfilled, we will execute the bond and send it to you!
Ready to start on your bond? APPLY HERE!