Bond Data Reports
This page provides developers, insurance companies, and banks with the status of all performance bonds, and is updated daily at 12:01 pm Central time.
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This database includes all bonds filed since December 21, 2010. Please contact our bond desk at 615-862-7197 or email@example.com if you have questions or problems.
The user understands that the entities which comprise Metro Government make no representations as to the accuracy of the information in the data, but, rather, provide said information as is. The user knowingly waives any and all claims for damages against any and all of the entities comprising Metro Government that may arise from the bond data. This is not a legal document!
A performance bond consists of two parts: a performance agreement and a security document. A bond application must be submitted in order to establish, reduce, extend, replace, or release your bond.
- Bond Application: A developer must submit a bond application and a $400 fee to the Metro Planning Department every time the developer requests a new bond, or requests to extend, reduce, replace, or release an existing bond.
- Performance Agreement: A contract between the developer and the Metro Government stipulating the public improvements to be completed, the estimated cost of the proposed public improvements, and the completion date for all work to be performed by the developer. When the developer has not constructed the improvements by the date specified in the performance agreement, or in a subsequent letter indicating an extension, the developer is in breach of his contract with the Metro Government..
- Security: A document providing payment to the Metro Government to construct the required public improvements, in the event a developer fails to satisfactorily make the improvements stipulated in the Performance Agreement. Security can be a surety bond, an irrevocable letter of credit, a cashier’s check, a certified check, or assignment of a certificate of deposit..
Chapter 6 of the Subdivision Regulations provides specific details on the various types of bonds.
Bond policies, established May 2009
Email the Bond Desk