$10,000 City of Chico – Encroachment Permit Bond For Excavation

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Description

The city of Chico, California requires businesses to post a $10,000 1-year bond if they wish to obtain an Encroachment Permit for Excavation.

Additional information

Bond Term

1-year

Surety Company

Travelers Surety, Western Surety Company

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Premium: ______________

SURETY: _______________________________________
Preview
BOND NO.: _______________________________________
COMMENCEMENT DATE: _______________________________________
TERMINATION DATE: _______________________________________

ENCROACHMENT PERMIT BOND

FOR EXCAVATION
(City of Chico Approved Form)

_________________________________ [Name of Principal], a(n) _______________________
[Capacity of Principal] (Principal) and ______________________________________ [Name of
Surety], a corporation duly authorized to transact business as a corporate surety in the State of
California, (Surety) are held and firmly bound to the City of Chico, a municipal corporation of

the State of California (City), in the sum of Ten Thousand Dollars ($10,000.00), for which
payment will be made, we and each of us bind ourselves and our heirs, executors, administrators,
successors, and assigns, jointly and severally, firmly by the provisions of this Encroachment
Permit Bond for Excavation (Bond).

WHEREAS, Principal has applied to the City for a permit to make excavations within the public
streets and other public places within the City, all as provided for by Chapter 14.08 of the Chico
Municipal Code;

NOW, THEREFORE, the condition of this Bond is such that if an excavation permit is issued to
Principal and Principal shall comply with all requirements of Chapter 14.08 of the Chico
Municipal Code relating to excavations made within the public streets or other public places
within the City pursuant to said permit, as well as with all instructions and directions of City’s
Public Works Director pertaining thereto, then the above obligation shall be void; otherwise, it
shall be and remain in full force and effect until ______________________, unless renewed by a
continuation certificate.

IN WITNESS WHEREOF, the Principal and Surety have executed this Bond on the dates first
set forth above.

______________________________ ________________________________
Date Principal

By: _____________________________

_________________________________
Title

CA Std Form 6/13/16
R:\FORMS\CAFORMS\DPW STD\Bond Excavation.wpd CMC14.08.140 1
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________________________________
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Name of Surety

By: _____________________________
Attorney-in-Fact

_________________________________
Address of Surety

_________________________________

_________________________________
Telephone Number

APPROVED AS TO FORM:

______________________________________
Vincent C. Ewing, City Attorney

*Pursuant to the Charter of the
City of Chico, Section 906(D)

CA Std Form 6/13/16