Surety Renewal Program

The Surety Renewal Program ensures Land Development Sureties remain current and in effect until such time requirements for release have been met.  Courtesy Copies are provided to Banks, Surety Companies and Surety Agents. 

Renewal Notices:

• Mailed 60 days prior to Surety Term Expiration;
• Generated by Bond Administrator at the end of each month; 
• Indicate the due date (30 days prior to Surety Term Expiration) for the required Letter of Credit Renewal Amendment or Surety Bond Continuation Certificate;
• Indicate the due date (15 days prior to Surety term Expiration) for the required Letter of Credit Renewal Amendment.  If these documents are not submitted by this date, we will begin the process to present the Letter of Credit for payment to the bank, or financial institution for payment to the City of Charlotte.
• Provide requirements for surety release/return;
• Indicate reduction eligibility and guidelines for requesting reduction; 
• Provide contact information for Land Development Staff overseeing the bonded work; and
• Include information sheet to confirm contact information on file for Developer/Builder, Financial Institution or Surety Company (and Surety Agent, if applicable).