What is the purpose of the refundable bond?
The refundable bond provides assurance that work will be completed in the manner for which it was approved and that all work is inspected, as required. The bond is also a security for public property such as curbs, walks, parkway trees, etc. A fee will be deducted from the bond for each failed inspection, including projects which are not ready when the inspector arrives. If no extensions have been granted, the bond will be forfeited on those permits not completed within one year.
