Chapter 6 of the Subdivision Regulations provides specific details on the various types of bonds. The Planning Department implemented additional Bond Policies in 2009.
Applications and Fees
The project developer posts a bond for public infrastructure improvements. Developers must submit a bond application and fee to the Metro Planning Department every time they request a new bond, or request to extend, reduce, replace, or release an existing bond.
Bond Application: $750
Bond Data Reports
Developers, insurance companies, and banks can use the Bond Search Form to view the status of all performance bonds. The database updated daily at 12:01 pm Central time and includes all bonds filed since December 21, 2010.
Please contact our bond desk at 615-862-7197 or [email protected] if you have questions or problems.
Disclaimer
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!
- 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.