Financial Guarantees
Financial guarantee will be requested for any work in the public right-of-way (ROW) or for any public infrastructure during development construction, based on the schedule of public improvements from the development agreement or similar estimating documentation for the improvements. Brighton will accept a cash deposit, or any of the forms listed below, depending on the type of surety required.
Please see the template documents below for the minimum language accepted by Brighton for financial bonding.
- Letter of Credit Template (DOC) - may be used when a development or other legal agreement exists between the developer and the city.
- Permit Bond Template (DOC) - may be used when no agreement exists, and the financial guarantee is in place to protect the public right-of-way or ground stabilization.
- Subdivision Bond Template (DOC) - may be used when a development or other legal agreement exists between the developer and the city.
- Affidavit of Construction Costs Template (DOC) - shall be completed and submitted as a condition of reduction in the financial guarantee.
- As-Built Drawings Submittal Specifications (PDF) - checklist of requirements for submitting as-built drawings for review.