Surety Bond Encyclopedia

Street Opening Bond - Okeechobee County, FL in Florida

Brief Summary

Before you cut into a county road or dig in the right of way, Okeechobee County wants assurance the road will be put back the way you found it. This bond provides that assurance. You pay a premium instead of leaving cash with the county, and your crews can start once the permit is issued.

The Street Opening bond is posted by a contractor, utility or property owner who excavates, cuts or otherwise disturbs a road or right of way maintained by Okeechobee County. It guarantees that the work follows the county permit and that the pavement, shoulders, ditches and culverts are restored. The obligee is the Okeechobee County Board of County Commissioners. Confirm the bond amount and form with Okeechobee County Public Works before the bond is issued.

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How to Apply for a Street Opening Bond:

  • Confirm the road is maintained by Okeechobee County and not the City of Okeechobee or FDOT.
  • Call Okeechobee County Public Works at (863) 763-3514 for the bond amount, form and permit application.
  • Provide owner names, addresses and Social Security numbers for the credit review.
  • Complete the bond application and review the quoted premium.
  • Pay the premium and receive the executed bond.
  • Submit the bond with the county right of way permit application before work begins.

Detailed Information About the Florida Street Opening Bond:

County road or city street

The first thing to check is who owns the road. This bond is for roads and right of way maintained by Okeechobee County. Streets inside the City of Okeechobee are permitted by the city, and state highways are permitted by the Florida Department of Transportation. Each has its own permit and its own bond, so a county bond does not cover work on a city street or a state road.

What the bond guarantees

A street opening bond protects the county if the permit holder leaves a cut unrepaired, restores it poorly, or damages drainage features in the right of way. County Public Works maintains the road system, including road grading, culvert and ditch cleaning and right of way mowing, and is the department that ends up fixing a bad restoration. If the work is not corrected, the county can claim against the bond to cover the cost.

Before the bond is issued

The county sets the bond amount and may prescribe a form. Call Okeechobee County Public Works at (863) 763-3514 to confirm the amount, the obligee wording and how long the bond must stay in force after restoration is accepted.

Premium

The surety prices the bond from the amount the county requires, the applicant's credit and its record on similar work.

Eligibility and Requirements for a Florida Street Opening Bond:

  • Okeechobee County Board of County Commissioners named as obligee.
  • Bond amount as set by the county for the permitted work.
  • Applicant name on the bond matching the permit application.
  • Bond kept in force until the county accepts the restoration.
  • A surety company authorized to write bonds in Florida.

Florida Street Opening Bond FAQs:

Does this bond cover work on City of Okeechobee streets?

No. City streets are permitted by the City of Okeechobee and state highways by FDOT. This bond is for county maintained roads and right of way.

What happens if the road is not restored properly?

The county can make a claim against the bond to cover the cost of correcting the work. The surety pays the valid claim and the permit holder repays the surety.

How much is the bond?

The county sets the amount. Confirm it with Okeechobee County Public Works before the bond is issued.

How is the premium priced?

The surety looks at the bond amount, the applicant's credit and its track record on similar right of way work.

Official and Additional Resources for the Florida Street Opening Bond:

All Okeechobee County, FL bonds · All Florida surety bonds