Surety Bond Encyclopedia

Right of Way Use ($15,000) Bond - Sarasota County, FL in Florida

Brief Summary

The $15,000 right of way use bond is what Sarasota County holds so that public roads, sidewalks and shoulders are put back the way they were after you use them. It costs an annual premium rather than a $15,000 cash deposit, and it is usually one of the quicker items on a right of way permit checklist.

Sarasota County requires a $15,000 surety bond from applicants permitted to use or work in county right of way. The bond names Sarasota County as obligee and guarantees that the permittee follows the permit conditions and restores or pays for any damage to the right of way. Confirm the current bond form and filing steps with the county permitting office before the bond is issued.

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How to Apply for a Right of Way Use ($15,000) Bond:

  • Confirm the right of way permit type and the $15,000 bond requirement with Sarasota County permitting staff.
  • Provide the legal name of the permit applicant exactly as it appears on the application.
  • Complete the bond application and authorize the credit review.
  • Pay the premium and receive the executed $15,000 bond.
  • File the bond with Sarasota County with the right of way permit application.

Detailed Information About the Florida Right of Way Use ($15,000) Bond:

What the bond guarantees

Anyone who places equipment, materials or a business use in county owned right of way, or who cuts into it, takes on a duty to leave it safe and restore it. The $15,000 bond backs that duty. If the permittee leaves damage unrepaired or ignores the permit conditions, Sarasota County can make a claim against the bond to cover the cost.

Who posts it

The permit holder posts the bond, whether that is a contractor, a business using the right of way, or a property owner doing work in it. Sarasota County is the obligee. The name on the bond should match the name on the permit application exactly.

A different rule for communications providers

If you are a communications services provider, Florida Statute 337.401 limits what a county may require. A county may require a construction bond to secure restoration of the right of way to its preconstruction condition, but the bond must be time limited to no more than 18 months after the covered construction is completed. The county must also accept a letter of credit or similar instrument from a financial institution authorized to do business in the United States, and a provider may add the county to an existing bond instead of buying a new one.

Premium

The premium is a fraction of the $15,000 amount and is set by the surety from the applicant's credit, business history and the type of right of way use.

Eligibility and Requirements for a Florida Right of Way Use ($15,000) Bond:

  • Bond amount of $15,000.
  • Sarasota County named as obligee.
  • A surety company authorized to write bonds in Florida.
  • Restoration of the right of way to its prior condition when the use ends.
  • For communications providers, a bond term no longer than 18 months after construction is completed, per Fla. Stat. 337.401.

Florida Right of Way Use ($15,000) Bond FAQs:

What happens if the right of way is damaged?

The permittee is expected to repair it. If it does not, Sarasota County can claim against the bond up to $15,000, and the surety will look to the permittee for repayment.

I am a telecom or wireless provider. Do the same rules apply?

Florida Statute 337.401 caps a restoration bond at 18 months after construction is completed, requires the county to accept a qualifying letter of credit, and lets you add the county to an existing bond.

Can I pay cash instead?

Ask the county permitting office which forms of security it accepts for your permit type. The surety bond avoids tying up $15,000 for the life of the permit.

Official and Additional Resources for the Florida Right of Way Use ($15,000) Bond:

All Florida Right of Way bonds · All Sarasota County, FL bonds · All Florida surety bonds