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California bonds

Los Angeles, CA — General Improvement Performance Bond

The City of Los Angeles requires developers and property owners to provide a General Improvement Performance Bond when undertaking specific site modifications, such as building permits, zone variances, or public improvement dedications. This bond serves as a financial guarantee to the City that all agreed-upon public improvements will be constructed and installed according to municipal standards.

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Recorded state
California
Bond type
Performance, Payment, Maintenance & Site Improvement Bond
Category
Contractors & construction

What this bond does

This bond protects the City of Los Angeles by ensuring that the principal completes required site improvements. It functions as a performance obligation, guaranteeing that the work performed under permits issued by the Board of Public Works adheres to city specifications.

Who needs it
Property owners, developers, and contractors applying for building permits, zone changes, conditional use permits, or other projects involving public easement improvements within the City of Los Angeles who must provide financial security for construction obligations.
Who it protects
The bond is held for the benefit of the City of Los Angeles. If the principal performs the work within the specified timeframe—or any authorized extension—the obligation is voided upon the City Engineer issuing a Certificate of Acceptance.

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.

Obligation and Performance Standards

The bond covers public improvements associated with building permits, zone changes, street vacations, or legal lot access. The principal must complete the project by the deadline established in the agreement, which may be extended by the City Engineer if deemed necessary.

Performance must comply with Articles 2 and 7 of Chapter 1, and Sections 62.105 through 62.118 of the Los Angeles Municipal Code. The bond remains in effect until the City Engineer formally exonerates or cancels the obligation following project completion.

Execution and Documentation

Proper execution requires specific documentation based on the entity type. Individuals and partners must provide notarized signatures, while corporations require two authorized officers to sign and impress the corporate seal.

A current Power of Attorney for the surety's Attorney-in-Fact must be attached to the bond. All signatories must ensure notary acknowledgments are included for each copy to be submitted to the City.

Submission Procedures

Applicants must submit three fully executed copies of the bond to the City of Los Angeles Bond Control Section. The documents are processed through the Developmental Services Division located at 201 N. Figueroa St, Ste. 200, Los Angeles, CA 90012.

Failure to properly notarize or include required partnership agreements or corporate seals may delay the acceptance of the bond by the City Engineer. Review all paperwork for completion before final submission to avoid processing delays.

Sources

Have these ready

  1. Identify the specific public improvements mandated by your project permit or zone agreement.
  2. Obtain the official bond form required by the City of Los Angeles Board of Public Works.
  3. Gather necessary corporate documents, including proof of partnership or power of attorney for the surety.
  4. Ensure all authorized signers are present to execute three identical copies of the bond with notarization.

Questions about this bond

What happens if my project timeline changes?

If the project completion deadline needs to be extended, you must obtain a formal time extension from the City Engineer. The bond requirements continue to apply under the standards of the Board of Public Works in effect at the time of the extension.

How is the bond released?

The bond is exonerated or cancelled only when the City Engineer issues a signed Certificate of Acceptance, confirming that all required work has been completed to the City's satisfaction.

Who must sign the bond for a corporation?

Two corporate officers, such as the President or Vice President and the Secretary or Assistant Secretary, must sign the bond and affix the corporate seal.

Are there specific municipal codes I must follow?

Yes, the bond guarantees compliance with Articles 2 and 7 of Chapter 1, and Sections 62.105 through 62.118 of the Los Angeles Municipal Code.

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