Bonds and Insurance
Bonds and Insurance
A non-cancelable permit bond in the amount of $20,000, or the estimated cost of public improvements currently permitted or under warranty, payable to the Board of County Commissioners, Arapahoe County, shall be required in the name of the permitee prior to issuance of any permit. This bond shall assure that the permittee will comply with all County Standards and Specifications and shall assure recovery by the County of any expense incurred, within a period of 365 days (1 year), following the expiration date of a permit, to the amount of said bond, due to failure of the permittee to comply with the provisions of these Standards or to otherwise cause expense to the County as a result of work performed. Bonding is not required in the following cases:
- The proposed work is included in the scope of an approved, current Development Agreement (SIA, TSEA, IGA, etc.) for which collateral has previously been established
- The proposed work is to be performed by a Local Improvement District, Metropolitan District or other entity for which a valid letter of responsibility is in place.
- The proposed work is performed for Arapahoe County and the contractor has provided the County with a performance/payment bond.
The applicant shall obtain and carry a liability and property damage insurance policy or policies, for the period of time required to complete installation of facilities and improvements authorized by the permit. Completion of installation of facilities and improvements includes repair and restoration of the road or other facilities affected by construction. Coverage shall be provided against any claim, demand, suit or action for property damage, personal injury or death resulting from any activities of the applicant, its officers, employees, agents or contractors in connection with the construction, installation, repair or removal of said facilities authorized by the permit.
Arapahoe County Board of County Commissioners, Arapahoe County Officers, agents and employees except as to claims against the applicant, for personal injury to any members of the Board or its officers, agents and employees, or damage to any of its or their property
Said insurance shall provide coverage of Property Damage, Public Liability Insurance and Bodily Injury Insurance in an amount of not less than Four Hundred Thousand ($400,000) Dollars each, or such other maximum amount as may be specified in the Colorado Governmental Immunity Act, and protecting the County against any and all claims for damages to persons or property resulting from construction and/or installation of any required improvements pursuant to this requirement.