Commercial solid waste businesses that enter into a Solid Waste Franchise Agreement with Osceola County, Florida are required to obtain a Solid Waste Franchise Bond.
Jet Insurance Company provides the Solid Waste Franchise Bond acts as a financial assurance to the Osceola Board of County Commissioners that the business owner and its employees will uphold all license and contractual obligations. The surety bond may be used as a means of restitution if a violation is committed or damages are caused.
According to the Osceola County, Florida Municode, the Solid Waste Franchise Bond has a bond limit that is determined by the Osceola Board of County Commissioners. The bond limit must be equal to two dollars for each ton of commercial solid waste collected by the franchise holder in the previous year (bond limit is not to exceed $100k). If you are a new license applicant with no prior experience working with the county, a $50,000 limit is needed.
At Jet, the cost of the Solid Waste Franchise Bond is a small percentage of the bond limit and is based on the personal credit score of the franchise owner, as well as the financial standing of the business. If you are looking for a $50,000 Solid Waste Franchise Bond, rates start at $500 for a one-year term.
|1 Year Bond
The original signed and sealed Solid Waste Franchise Bond, along with any other completed paperwork, must be submitted to the Osceola Board of County Commissioners at the following mailing address:
Board of County Commissioners
750 S Bass Rd.
Kissimmee, FL 34741