Right of Way ($5,000) Bond - Columbine Valley, CO in Colorado

Brief Summary

In Columbine Valley the $5,000 figure is a floor, not a fixed price. Knowing your construction cost before you order the bond means it is written at the right amount the first time and the Town can release your street cut permit without a resubmission.

The Town of Columbine Valley requires a performance bond or letter of credit before any construction, excavation or other work in the public right of way, under Chapter 12.13 of the Town Municipal Code. The bond must equal the total cost of the work, including labor and materials, or $5,000, whichever is greater, and it must stay in force for at least three years after the work is completed and accepted.

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How to Apply for a Right of Way ($5,000) Bond:

• Get the Town's determination of the bond amount, either your total construction cost or $5,000, whichever is greater.
• Have the contractor's legal name and the project address as shown on the Town permit.
• Provide owner information for the surety's credit review.
• Pay the premium and receive the executed bond naming the Town of Columbine Valley as obligee.
• Deliver the bond to the Town with the Street Cut and Right of Way Permit before starting work.

Detailed Information About the Colorado Right of Way ($5,000) Bond:

The amount scales with the job

The ordinance sets the bond at the total cost of construction, labor and materials included, or $5,000, whichever is greater. A small service line cut may fall at the $5,000 minimum. A longer trench or a paving repair priced above $5,000 needs a bond for the full construction cost. The Town's street cut permit states that the contractor shall post a bond determined by the Town before any street cut activities begin.

Three years, not one

The bond or letter of credit must remain in force for a minimum of three years after completion and acceptance of the work. That matches the ordinance warranty, under which the permittee guarantees all work for three years after probationary acceptance against defective workmanship, settling, unapproved deviations from the plans, and failures to barricade or clean up. Repairs for an imminent danger are due within 24 hours and other repairs within 30 calendar days after notice.

Who is treated differently

Public utilities, franchised entities and metropolitan, water and sanitation districts may give the Town a letter of responsibility instead of a bond or letter of credit. The Town may waive the bond, and for work that does not involve material disturbance of the right of way the final inspection and bond may be waived. Town employees and officials, and persons exempted by contract with the Town, do not need a permit.

Other permit conditions

The permittee carries general liability insurance of at least $400,000 per occurrence for bodily injury or death and $100,000 per occurrence for property damage, with XCU coverage added by endorsement, plus workers compensation as required by state law. The street cut permit calls for a $200 deposit toward the Town Engineer's costs, and both the contractor and the property owner sign it. Work started without a permit must stop, and a $250 surcharge applies on top of permit fees. Emergency repairs to existing facilities may begin without a permit if an application follows by the third working day.

Premium

The surety prices the bond on the bond amount, the contractor's credit and its work history. You see the quote before purchase.

Eligibility and Requirements for a Colorado Right of Way ($5,000) Bond:

• Bond or letter of credit equal to total construction cost, or $5,000 if greater.
• Kept in force at least three years after completion and acceptance.
• General liability of $400,000 per occurrence bodily injury and $100,000 per occurrence property damage, with XCU endorsement.
• Workers compensation as required by Colorado law.
• $200 deposit with the street cut permit.

Colorado Right of Way ($5,000) Bond FAQs:

Official and Additional Resources for the Colorado Right of Way ($5,000) Bond: