What is an Anne Arundel County Forestation Agreement Completion Bond?

Secure the success of your project and help save the environment through this surety bond!

Anne Arundel County Forestation Agreement Completion Bond

What is an Anne Arundel County Forestation Agreement Completion Bond?

The following persons who have entered into the Forestation Agreement with Anne Arundel County, Maryland and have filed an application for the following are required to post a surety bond:

  • Subdivision or a site development plan
  • Building permit
  • Grading permit
  • Standard grading plan

The surety bond’s purpose is to ensure that the Principal (owner of real property) will perform his or her contractual obligations and comply with the terms of the Forestation Agreement as well as the relevant provisions of the Anne Arundel County Code of Ordinances.
This includes the following:

  • Completion of the afforestation, replanting, or reforestation on the property
  • The installation and maintenance of all plants on the property will be handled by the Principal

If the Principal fails to perform his or her lawful obligations, the Obligee (Anne Arundel County, Maryland) will have the right to recover the amount lost by filing a bond claim.

What is the Anne Arundel County Forestation Agreement Completion Bond?

The bond amount will either be:

  • $1.50 per square foot in the Critical Area
  • Equal to the total approved estimated cost of the installed plant materials

If you know your bond amount now and would like to find out what your bond premium will be, you may get your FREE SURETY BOND QUOTE from us HERE!
Those who have excellent credit scores will be eligible for a very low bond premium, or just 1% of the bond amount!

How can I get an Anne Arundel County Forestation Agreement Completion Bond?

SEND US A BOND APPLICATION– We begin the bonding process with an application. You may send your application for this bond HERE!

UNDERWRITING– Once we have received your application, an underwriter will ask you to submit the following important requirements:

  • Proof of your financial capability
  • Your business’ history
  • Your credit score

In order to avoid any delay, make sure that your requirements are complete prior to submitting them.

ISSUANCE– As soon as the underwriter has completed the necessary in-depth check, we will immediately issue the surety bond and send it to you!

What are the surety bond conditions?

  • The surety bond should be issued by a surety bond agent or company that is authorized to conduct business in Anne Arundel County, Maryland
  • Anne Arundel County, Maryland will be named as the bond’s Obligee
  • The Principal or permit applicant is obligated to comply with the Forestation Agreement, the Anne Arundel County Code of Ordinances, and all the other relevant rules
  • If the Principal or permit applicant commits a violation, the Obligee will be eligible to file a claim against the bond

GET YOUR FREE SURETY BOND QUOTE TODAY!

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