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 > City of Chesapeake, Virginia > Government > City Agencies, Departments, and Offices > Departments > Department of Development and Permits > Development Engineering and Construction > Bonds > Cost Estimate - Bond Figure > Utility Improvements Credit

Utility Improvements Credit


Normally the plat is recorded prior to the Utility Final Inspection. Even if all Utility improvements are installed and tested, the maximum credit towards posting a Performance Bond is 85% (i.e. 15% of the Total Utilities Cost is required as Bond).

In order to obtain 100% credit for Utilities installed and post 0% for a Utility Performance Bond, the following sequence can be followed:

  1. The plat has to be signed by Directors of Development & Permits and Planning and ready for recordation, i.e. plat fees paid, subdivision agreement and bond executed, etc.
  2. Utility Final Inspection.
  3. Plat is recorded.
  4. Utilities are activated.
 
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306 Cedar Road
Chesapeake, VA 23322
Blue Heron
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