Alcohol Ordinance Tax or Fee ($10,000) Bond - City of Good Hope, AL in Alabama

Brief Summary

Good Hope sets this bond at $10,000 for each location, so an owner opening a second store or bar needs a second bond, not a bigger one. It is part of the alcohol license packet the city reviews, and a surety can usually issue it the same day for an annual premium.

The City of Good Hope requires every alcohol license holder to post a $10,000 Alcohol Ordinance Tax or Fee Bond for each business location. The bond guarantees the licensee will follow the city's alcohol laws and ordinances and promptly pay the city every license fee and tax that comes due. It is filed with the city's alcohol license application along with liquor liability insurance.

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How to Apply for a Alcohol Ordinance Tax or Fee ($10,000) Bond:

• Count your locations. The bond is $10,000 for each location of the business.
• Get the City of Good Hope alcohol license application, which includes the bond form.
• Give the surety the legal business name exactly as it appears on the application.
• Pay the premium and have the bond signed by the principal and the surety.
• File the bond with the application, the $500 nonrefundable filing fee and proof of $300,000 liquor liability insurance.
• Complete Alabama Responsible Vendor Program business certification within 30 days of license approval.

Detailed Information About the Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond:

Who has to post this bond

Any person or business applying for a City of Good Hope alcohol license posts this bond. The amount is $10,000 for each location of the business, so a licensee with two premises needs coverage for both. The city's current alcohol rules are in Ordinance No. 002-2023, and the bond form printed in the city's alcohol license application names the City of Good Hope as obligee.

What the bond guarantees

The bond is conditioned on the licensee faithfully complying with the laws and ordinances of the City of Good Hope and promptly paying the city all amounts that become due under the alcohol ordinance. That includes the city's 12% liquor tax on gross liquor sales, which applies to all liquor licensees. If the licensee falls behind, the city can claim against the bond, and the surety will look to the licensee for repayment.

Cancellation

The surety may cancel the bond by sending the City of Good Hope thirty days notice by certified mail. A canceled bond leaves the license unsecured, so line up a replacement before the notice period runs out.

What else goes in the packet

The bond is one piece of a larger application. New licensees pay a nonrefundable $500 filing fee, or $150 for special events. City license fees range from $75 to $6,000 depending on the license class. Licenses run on the calendar year and are not prorated or refunded. Each licensee must also carry $300,000 in liquor liability insurance and complete business certification through the Alabama Responsible Vendor Program within 30 days of license approval.

Eligibility and Requirements for a Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond:

• City of Good Hope named as obligee on the bond form in the city's alcohol license application.
• Bond amount of $10,000 for each business location.
• Surety must give the city thirty days notice by certified mail to cancel.
• Liquor liability insurance of $300,000.
• Calendar year license with no proration or refunds.

Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond FAQs:

Official and Additional Resources for the Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond: