Surety Bond Encyclopedia

Tree Maintenance Bond - Covington, GA in Georgia

Brief Summary

Covington uses more than one bond on development work, and contractors mix them up. The tree maintenance bond is its own instrument, posted to the City of Covington to back tree work tied to a permit. It is not the land disturbance bond or letter of credit the city takes for site stabilization. Ask the city for the amount and form, and we can usually quote it the same day.

The City of Covington, Georgia requires a tree maintenance bond from the party responsible for tree work under a city permit or approved plan. The bond guarantees to the city that the required tree work and upkeep will be carried out as approved. It is separate from the bond or letter of credit Covington requires on commercial land disturbance permits. The City of Covington is the obligee, and the bond amount is set by the city.

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How to Apply for a Tree Maintenance Bond:

  • Get the required bond amount and form from the City of Covington.
  • Provide the legal name of the developer or contractor responsible for the tree work.
  • Identify the project or permit the bond relates to.
  • Complete the bond application and review the quoted premium.
  • Sign the bond naming the City of Covington as obligee and file it with the city.

Detailed Information About the Georgia Tree Maintenance Bond:

Two different Covington bonds

Covington's Commercial Land Disturbance Application requires a bond or letter of credit at $3,000 per acre when sod is not used on all disturbed areas for final stabilization, and that security must be submitted before the permit is issued. That is a site stabilization guarantee. The tree maintenance bond on this page is a separate obligation to the City of Covington covering tree work. Posting one does not satisfy the other.

What the tree maintenance bond does

The bond guarantees that the developer or contractor will complete and maintain the tree work required by the city as approved. If the work is not done and the city incurs a loss, the city can claim against the bond. The surety pays a valid claim up to the bond amount, and the principal repays the surety.

Before you apply

The City of Covington sets the bond amount and form. Confirm both, along with the filing steps and how long the bond must stay in force, with the City of Covington Planning and Zoning office before the bond is issued.

Eligibility and Requirements for a Georgia Tree Maintenance Bond:

  • City of Covington named as obligee.
  • Bond amount as set by the city.
  • A surety authorized to write bonds in Georgia.
  • Principal name on the bond matching the city permit or plan.
  • Owner credit review, which mainly sets the premium rate.

Georgia Tree Maintenance Bond FAQs:

Is this the same as the land disturbance bond?

No. Covington's commercial land disturbance permit carries its own bond or letter of credit at $3,000 per acre when sod is not used for final stabilization. The tree maintenance bond is a separate instrument.

Who sets the bond amount?

The City of Covington. Get the amount and the bond form from the city before applying.

What does the premium depend on?

The surety prices the bond on the bond amount, the owner's personal credit and the business history. The premium is a fraction of the face amount.

Official and Additional Resources for the Georgia Tree Maintenance Bond:

All Covington, GA bonds · All Georgia surety bonds