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