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Montana bonds

Belgrade, MT — Right Of Way Excavation Bond

Belgrade's published June 2024 ROW packet includes an excavation bond payable to the City and security of $4,000 or 125% of estimated work cost, whichever is greater. It separates the work permit from a restoration obligation extending after City acceptance. Confirm the current packet and filing route with Public Works before issuance; current application instructions could not be fully verified.

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Recorded state
Montana
Bond type
Right-of-Way / Street Work Bond
Category
Contractors & construction

What this bond does

Prepare City-accepted security for the actual Belgrade ROW excavation and restoration request, using the applicable current form and assigned amount.

Who needs it
The named permit applicant/principal, distinguishing the contractor doing the work and identifying the street limits, excavation and any proposed closure.
Who it protects
The published bond secures excavation compliance and indemnification/reimbursement for maintenance, repairs or replacements during its guarantee obligation. It is not a contractor license or authorization to cut the street.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Confirm the current request before using the published form

The complete June 2024 packet requires satisfactory completion/maintenance security of at least $4,000 or 125% of estimated work cost, whichever is greater, valid for at least one year after City acceptance of restoration. Have Public Works confirm today's assigned requirement and accepted version.

Its blank Exhibit C names the City of Belgrade as recipient and requires an authorized surety and supporting power of attorney covering the bond date. Its surety cancellation provision takes effect 30 days after the Public Works Director receives certified-mail notice for future acts; it is not a release of existing obligations.

Purchase Now opens the existing Propeller application, whose option supplies no fixed amount or term. Give the issuer the City's confirmed form, legal principal, recipient, work estimate/location, assigned sum and dates.

Complete filing and the permit process separately

The printed 2024 packet contains email/hand-delivery directions. Confirm the active application route and executed-bond delivery with Public Works rather than assuming those older directions remain current.

The packet describes a six-month permit unless extended in writing, notice before starting approved work, completion notice and City inspections. Its one-year restoration warranty begins with final inspection and acceptance. Those permit and warranty provisions are not a fixed one-year checkout term.

Arrange any required traffic/closure authorization and follow the approved restoration conditions. Keep acceptance records and ask the City to confirm satisfaction or release of security; the packet gives the Director discretion rather than promising automatic release.

Sources

Have these ready

  1. Current City form/version and application versus executed-bond delivery instructions.
  2. Legal applicant and contractor; street limits, cut dimensions, plans and traffic/closure needs.
  3. City-confirmed estimate-based sum, principal/recipient, dates and power of attorney.
  4. Actual permit, required work notice, final inspection/acceptance and warranty records.

Questions about this bond

Is $4,000 always enough?

The June 2024 packet uses $4,000 or 125% of estimated work cost, whichever is greater. Have Public Works confirm the current requirement for the actual project.

Does the six-month permit end the restoration obligation?

No. The published packet separately measures the restoration warranty and minimum security continuation from City acceptance. Confirm the issued instrument's dates.

Should I simply use the old packet's email instructions?

Confirm the current application and executed-bond filing routes with Public Works first. The printed June 2024 directions do not establish today's accepted submission process.

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