Common use of Development Bonds Clause in Contracts

Development Bonds. The County will identify any development bonds, maintenance bonds, payment and performance bonds, landscape bonds, etc… that are active within the proposed annexation areas. Upon annexation and when identified for transfer under the terms of the January 28, 2008 Interlocal Agreement as amended on January 7, 2014, these bonds will be transferred to the City for administration in accordance with the terms of the bond.

Development Bonds. The County will identify any development bonds, maintenance bonds, payment and performance bonds, landscape bonds, etc… . that are active within the proposed annexation areas. Upon annexation and when identified for transfer under the terms of the January 28, 2008 Interlocal Agreement as amended on January 7, 2014, these bonds will be transferred to the City for administration in accordance with the terms of the bond.