Berea Subdivision Construction Performance Guarantee
What it is & who requires it
A subdivider/developer seeking final plat approval in the City of Berea who elects to post a guarantee in lieu of actually installing the required subdivision improvements first.
Obligee: City of Berea (Planning & Zoning / Codes Administrator). Citation: Berea Land Management and Development Ordinance (adopted Feb 2018), Section 510.2 Construction Performance Guarantees (with Sec. 510.1 Completion of Improvements).
Bond amount
Penal sum = one hundred fifteen percent (115%) of the cost of completion of all remaining required subdivision improvements; the cost is estimated by the subdivider’s engineer and approved by the Codes Administrator. No fixed dollar figure. Reducible as improvements are accepted.
How to get it
This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
Request a bond quote
Tell us about the bond and the project. A licensed producer follows up — these bonds are individually underwritten, so they are not issued instantly.
Term & renewal
Term: Improvements to be completed within 24 consecutive calendar months of final plat approval (extensions up to 12 months; sidewalk-only up to 5 years)
Renewal: Released upon completion, inspection, and acceptance of the improvements by the City; reducible as work is accepted
Filing
Filed with the City of Berea Planning and Zoning department when a subdivider elects to post a guarantee in lieu of installing the required subdivision improvements first. A surety bond or letter of credit set at 115% of the cost of completing the remaining improvements, reducible as work is accepted and bonded separately for each phase. Required under the Berea Land Management and Development Ordinance §510.2.
Source
Verified against the obligee source (last checked 2026-06-05).
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Frequently asked questions
- Who requires the Berea Subdivision Construction Performance Guarantee?
- It’s required by City of Berea (Planning & Zoning / Codes Administrator) (Berea Land Management and Development Ordinance (adopted Feb 2018), Section 510.2 Construction Performance Guarantees (with Sec. 510.1 Completion of Improvements)). A subdivider/developer seeking final plat approval in the City of Berea who elects to post a guarantee in lieu of actually installing the required subdivision improvements first.
- How much is the Berea Subdivision Construction Performance Guarantee?
- Penal sum = one hundred fifteen percent (115%) of the cost of completion of all remaining required subdivision improvements; the cost is estimated by the subdivider’s engineer and approved by the Codes Administrator. No fixed dollar figure. Reducible as improvements are accepted.
- How do I get the Berea Subdivision Construction Performance Guarantee?
- This bond is individually underwritten, so it is not issued instantly. Request a quote and a licensed producer follows up to walk you through it.
- What is the term?
- Improvements to be completed within 24 consecutive calendar months of final plat approval (extensions up to 12 months; sidewalk-only up to 5 years) Renewal: Released upon completion, inspection, and acceptance of the improvements by the City; reducible as work is accepted
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- We verify it against the obligee’s primary source (last checked 2026-06-05); the source link is on this page.
