Medford Lakes, NJ — Street Opening Permit Bond
For a Medford Lakes Borough street opening, ask for the assigned maintenance deposit before choosing the bond amount. The Borough's posted checklist allows a bond in lieu of that deposit at twice the deposit amount.
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- Recorded state
- New Jersey
- Bond type
- Right-of-Way / Street Work Bond
- Category
- Contractors & construction
What this bond does
Arrange the Borough-accepted alternative to the street maintenance deposit for the identified opening. This concerns Medford Lakes Borough, not a Medford Township permit.
- Who needs it
- A contractor, homeowner or authorized representative arranging street work in Medford Lakes. The combined plumbing and street-opening form identifies the owner, site, contractor and bonding company.
- Who it protects
- The accepted bond supports the maintenance obligation associated with the street opening. It does not replace the approved traffic plan, required insurance, backfill inspections or the Borough's permission to open the street.
Your bond option
This is the option on record for this bond.
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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.
Sources
Have these ready
- Confirm the recipient is Medford Lakes Borough rather than Medford Township.
- Identify the site, block and lot, owner, contractor and work type.
- Obtain the Borough's assigned maintenance deposit and corresponding bond amount.
- Confirm the accepted bond form and applicant wording.
- Prepare the Police traffic-control plan, opening drawing and insurance.
- File the issued bond, obtain approval and arrange the required work notices and inspections.
Questions about this bond
Can a bond replace the street maintenance deposit?
The posted Borough checklist expressly provides a bond alternative at twice the maintenance deposit. Confirm the assigned deposit and accepted surety document for your opening.
Should I order the bond for the same amount as the deposit?
Not on that assumption. The checklist says twice the deposit amount for the bond alternative. Obtain the Borough's approved calculation before proceeding.
Does the bond replace Police approval of traffic control?
No. The application separately calls for a Police-approved traffic-control plan and a detailed opening drawing.
Is a fixed maintenance term published for this option?
No. Obtain the Borough's written maintenance, inspection and release conditions; the posted application and retained option do not establish a universal term.