College Park, Georgia Surety Bonds

If you are applying for a license or permit in College Park, Georgia, chances are you will need a surety bond. Here’s a list of the bonds available:

Site Plan Performance
Contractor Bond
Subdivision Improvements Bond
Stormwater Management Plan Bond
Landscape Bond
Demolition Bond
$1,000 Peddler Bond

The City of College Park requires surety bonds as a way to protect itself and its people from financial damages.

APPLY FOR YOUR BOND

Actual costs for your College Park Surety Bond will depend on which bond you are applying for and what the required bond limit is. Jet’s rates can start as low as $100 a year—some bonds may be approved for a month-to-month payment plan of $10 a month. 

Factors that can affect your bond quote are a credit check, financial statement evaluation, and as mentioned, the bond limit. See what rates would be approved for a preferred-credit applicant in the chart below.

Bond LimitCost
Up to $10,000$100
$25,000$250
$50,000$500
College Park Surety Bond Rates

Jet will prepare your bond form and mail it to the City of College Park for you if allowed. If you need to file the surety bond yourself, you must follow any instructions given to you or mail to the address below if no instructions were provided:

College Park City Hall
3667 Main St
College Park, GA 30337

Check out the details of College Park Surety Bonds below.  

Site Plan Performance: A bond used by contractors with a permit for land-disturbing activity. The bond’s limit shall amount to $3,000 per acre of the proposed land-disturbing activity. The bond is conditioned on the completion of the proposed work and maintenance of up to 1 year after completion. Failure to fulfill these obligations and failure to correct any deficiencies can result in a bond claim. (College Park Ordinances, Chapter 5, Article IX) 

Contractor Bond: This bond is required upon a contractor seeking a permit extension to complete work (subsequent permit extensions will not need additional bonds). The limit shall be no less than the cost of completing construction. The work must be completed and deemed satisfactory for the bond to be released. (College Park Ordinances, Section 5-12)

Subdivision Improvements Bond: A surety bond is required for subdivision improvements as a financial guarantee that work will be completed and maintained for up to 2 years. (College Park Ordinances, Section 17-35)

Stormwater Management Plan Bond: Landowners or developers need this bond when installing or improving on-site stormwater management systems with a bond limit of $3,000 per acre. (College Park Ordinances, Section 10-203)

Landscape Bond: This bond is used to guarantee the survival of replacement trees and plants—failure of the contractor to install or maintain the plant materials in the allotted time can lead to a claim. (College Park Ordinances, Section 8-15)

Demolition Bond: A bond required as security that the cost of cleanup of a demolished building will be covered. The limit shall be 110% of the cost of demolition. The City can lay claim on the bond to complete any demolition or cleanup that the contractor fails to fulfill. (College Park Ordinances, Section 6.21)

Peddler Bond: Peddlers, transient merchants, solicitors, or canvassers will need a $1,000 surety bond as protection against damages from fraudulent activity or faulty products sold. Damaged persons can seek compensation from the surety bond. (College Park Ordinances, Section 11-150)

Cancellations and Renewals

If your bond needs to be renewed, keep an eye out for a Jet renewal notice in your mail or email inbox. If any additional information is needed, your notice will request information or someone from our team will reach out to you. Otherwise, you can just pay the renewal premium to get your renewal. 
To cancel your bond, send an email to bonddept@jetsurety.com to start the cancellation process. We will notify the City of College Park, but any specific cancellation provisions will prevail, whether that’s a cancellation period (such as 30 days) or an inspection of the work site before the bond can be released.

Georgia College Park City Site Plan Performance Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: