Bond administration

Surety Types and Their Applications​

When Land Development requires a surety for a project, the developer/builder has the option of providing a Letter of Credit, a Surety Bond, or a Cash Deposit.  In the event of developer/builder failure, each of these surety types provides the City of Charlotte with a resource to contribute to the completion of the project in accordance with Subdivision Ordinance.  However, the surety types differ in their purpose and application. ​

​Learn more about surety types below

 

 

​​​​​​​​​