Site Improvement Bond - Chaplin, CT in Connecticut

Brief Summary

In Chaplin the Planning and Zoning Commission sets the bond amount from the construction cost of the required improvements plus a 15 percent contingency, and no improvement or lot work can start until it is posted. Knowing the formula, the forms the Town accepts, and the follow on maintenance bond lets you budget the whole guarantee before approval, not after.

The Chaplin Site Improvement bond guarantees that a developer completes the roads, drainage, sidewalks, curbs, grading, trees, monuments and other improvements tied to a Planning and Zoning Commission approval. It runs in favor of the Town of Chaplin, must be posted before construction of any improvement or work on any lot begins, and must be on forms provided by the Town. Confirm the accepted form of security with the Commission before the bond is issued.

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How to Apply for a Site Improvement Bond:

• Obtain the Commission's bond amount, based on the construction cost of the required improvements plus the 15 percent contingency and inflation factor.
• Get the Town's bond form from the Planning and Zoning Commission and confirm which security types it will accept.
• Owner name, address and Social Security number for the surety's review.
• Post the performance bond before construction of any improvement or work on any lot.
• Post the separate erosion and sediment control security before development begins.
• At completion, submit as built drawings and a 10 percent two year maintenance bond to obtain release.

Detailed Information About the Connecticut Site Improvement Bond:

The amount is a formula, not a flat fee

Developers often expect a fixed figure. Under Section 8.02 of the Chaplin Subdivision Regulations, the Commission sets the bond from the construction cost of every required improvement, including storm drainage, roads, sidewalks, curbs, trees, grading and monuments. The total adds 15 percent for contingencies and engineering, plus an inflation factor tied to the Consumer Price Index. Open space and recreation improvements are included too, and must be finished before more than 50 percent of the lots are sold.

Timing and term

The performance bond must be posted before construction of any improvement or work on any lot. Its term should match the life of the approval under state law, because a lapsed bond can void the approval after notice and a hearing. Conditional approvals require a preliminary performance bond covering erosion control and site restoration, and no more than 1,200 feet of roadway and supporting improvements may be under construction at one time without a performance bond.

Forms the Town accepts

Section 8.02 states that bond forms provided by the Town are the only ones acceptable to the Commission. The regulations describe cash, by certified check or a passbook assigned to the Town, and a letter of credit on the Appendix D form from a bank with offices in Windham, Tolland or New London County. Confirm with the Commission that a surety company bond on the Town's form will be accepted for your approval before ordering one.

Second instruments

Erosion and sediment control is guaranteed by a separate cash or savings account bond, posted before development begins. Before the performance bond is released, the developer posts a maintenance bond equal to 10 percent of the performance bond for two years from acceptance of the improvements, and submits as built drawings sealed by a Connecticut land surveyor. The Commission may grant up to three reductions per phase on the Engineer's written report.

Other Chaplin bonds

The Zoning Regulations separately require a surety bond of not less than $1,200, in an amount set by the Commission, before a Driveway Construction Permit is issued for a driveway joining a public street, and a performance bond in an amount set by the Selectmen for earth excavation requiring a public hearing.

Eligibility and Requirements for a Connecticut Site Improvement Bond:

• Town of Chaplin as obligee, on Town supplied forms.
• Bond term matching the approval period so the approval does not lapse.
• A separate erosion and sediment control security.
• A maintenance bond of 10 percent of the performance bond for two years after acceptance.
• As built drawings signed and sealed by a Connecticut Registered Land Surveyor.

Connecticut Site Improvement Bond FAQs:

Official and Additional Resources for the Connecticut Site Improvement Bond: