AGENCY: West Jordan (Utah)

SERIES: 25176
TITLE: Performance bonds
DATES: 1977-
ARRANGEMENT: Alphabetical by name

DESCRIPTION: These are various types of performance bonds (Surety, Escrow, Letter of credit) for subdivision improvements. These bonds are held until infrastructure improvements have been made to the subdivision. Bonds may be reduced by 25 percent by resolution. When infrastructure improvements are completed, bonds are totally released by resolution. Bonds are held so if infrastructures are not completed by the developer the City may collect on the bond.

RETENTION

Retain for 4 year(s) after final action

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series is authorized by Archives general schedule Surety bonds, GRS-789

AUTHORIZED: 06/18/2019

FORMAT MANAGEMENT

Paper: Retain in Office for 4 years after bond is released by resolution and then destroy.

APPRAISAL

Administrative Fiscal

PRIMARY DESIGNATION

Public