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Washington bonds

University Place, WA — Street Use Bond

University Place publishes a $5,000 Street Use Bond for an identified permit and a separate $20,000 Multiple Permit Street Use Bond. Confirm which undertaking the city requests before applying; both forms include restoration and two years of maintenance after restoration.

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

What this bond does

Secures the covered University Place ROW permit conditions, satisfactory restoration and the stated maintenance undertaking.

Who needs it
Applicants and contractors arranging security for University Place driveway approaches, trenching, sewer connections or other work in city ROW.
Who it protects
The City of University Place is the obligee. The form protects the city against covered permit defaults and ROW repair costs, rather than approving the location or replacing the permit.

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.

Choose the correct permit scope

The single-permit form identifies the permit number, address/location, project and owner/developer/contractor. Its stated sum is $5,000. The separate multiple-permit form uses $20,000 and addresses permits the principal applies for from time to time.

This page retains one Propeller purchase option without a supplied amount or term. Have the city and provider confirm the actual requested instrument; the existence of two city forms does not establish that one provider transaction issues both.

Maintain the restored ROW and request written release

Both forms require timely restoration at the principal's expense to at least the previous condition, work satisfactory to the city and maintenance for two years after restoration. Changes or time extensions do not discharge the undertaking.

The forms state that the bond is irrevocable and cannot be canceled by the principal or surety. It remains until the secured obligations are performed and the city releases it in writing at the principal's or surety's written request.

Execute the form and obtain separate work approval

Use the existing Propeller Purchase Now option after confirming the form, principal, amount and permit coverage. Both forms require principal and surety signatures, notarization of the surety officer's signature and attached power of attorney.

Deliver the executed security through city instructions and obtain the ROW permit before work. The city's permit page separately identifies driveway, trenching, sewer and utility work; a bond does not authorize a cut or connection.

Sources

Have these ready

  1. Identify the legal principal, permit, location and project.
  2. Confirm single-permit versus multiple-permit security and the city-required amount.
  3. Arrange both signatures, surety-officer acknowledgment and power of attorney.
  4. Complete filing and permit approval; retain restoration, maintenance and written-release records.

Questions about this bond

Are the single- and multiple-permit forms identical?

No. The single-permit form identifies a job and states $5,000; the multiple-permit form addresses permits from time to time and states $20,000. Confirm the requested form with the city and provider.

Can the principal or surety cancel after finishing construction?

The forms are irrevocable and require performance of all secured obligations and written city release. They include two years of maintenance after restoration.

Whose signature is notarized on the city form?

The form specifically directs notarization of the surety officer's signature, not the applicant's, and requires attached power of attorney. Both principal and surety must sign.

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