Tree Conservation Bond - City of Hoover, AL in Alabama

Brief Summary

On a Hoover development site, the trees the approved plan says must stay, or must be replanted, are a condition of approval. A Tree Conservation bond guarantees the city those trees will be protected or replaced, and lets the project move ahead for a premium instead of a cash deposit.

The City of Hoover uses a Tree Conservation bond to guarantee that trees marked for preservation on an approved plan are protected through construction, and that any required replacement planting is done. The developer, owner or contractor responsible for the site posts the bond, with the City of Hoover as obligee, and the city can claim against it if the conservation terms are not met.

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How to Apply for a Tree Conservation Bond:

• Get the required bond amount and current bond form from the City of Hoover.
• Have the approved plan, case or permit number and the project address.
• Use the legal name of the responsible party exactly as it appears on the city approval.
• Provide owner information for the surety's credit review.
• Pay the premium and receive the executed bond naming the City of Hoover as obligee.
• Deliver the bond to the city before clearing or the approval it is tied to.

Detailed Information About the Alabama Tree Conservation Bond:

What the bond covers

Hoover approves subdivisions and site plans with conditions about which trees stay, where protective fencing goes and what must be replanted. The Tree Conservation bond backs those conditions. It is a development bond tied to a specific project, not a license for tree service companies.

Who posts it

The party responsible for the site under the approved plan posts the bond. That is usually the developer or property owner, and sometimes the contractor carrying the clearing and site work. The City of Hoover is the obligee.

What it guarantees

The bond backs your promise to protect the trees designated for conservation during clearing, grading and building, and to complete any replacement planting the approval requires. If protected trees are lost or the replanting is not done, the city can claim against the bond and use the proceeds to replace them. The surety then seeks repayment from you.

Amount and form

The City of Hoover sets the bond amount for each project. Get the required amount, the current bond form and the filing steps from the city before the bond is issued, and have the approved plan or case number on hand. Alabama law at Code of Alabama 11-52-31 gives municipalities the power to accept a bond with surety to secure required improvements and to enforce that bond.

What it costs

You pay a premium, not the face amount. The surety prices the bond from the amount, the owner's credit and the company's financial strength. Your quote shows the exact premium before you pay.

Eligibility and Requirements for a Alabama Tree Conservation Bond:

• City of Hoover named as obligee.
• Bond amount as set by the city for the project.
• City approved bond form, confirmed with the city before issuance.
• Principal name matching the party responsible on the approved plan.
• Owner credit review, plus company financials on larger amounts.

Alabama Tree Conservation Bond FAQs:

Official and Additional Resources for the Alabama Tree Conservation Bond: