CODE OF VIRGINIA

PUBLIC INFRASTRUCTURE MAINTENANCE BONDS (§ 15.2-2209.2)

In order to protect existing public infrastructure, the City of Charlottesville
may by ordinance require public infrastructure maintenance bonds from developers
and property owners in conjunction with the construction of single-family and
two-family homes in instances where the provisions of a subdivision ordinance
are not applicable and all required performance and maintenance bonds have been
released. Such maintenance bonds shall not exceed an amount reasonably necessary
to maintain and repair publicly owned streets, sidewalks, and infrastructure
depicted or provided for in the approved plan, plat, permit application, or
similar document for which such bond is applicable, on site or immediately
adjacent to the construction, and shall not be used for the purpose of repairing
damage to infrastructure that preexisted the construction, unless otherwise
agreed upon by the developer, property owner, and the locality. The maximum bond
shall not exceed $ 5,000 and shall only be required at the time of issuance of a
certificate of occupancy. The ordinance shall make provision for the inspection
of bonded improvements within five business days of completion and the release
of any performance guarantee within five business days of such inspection.

HISTORY: 2011, cc. 692, 711.