The Durham County Code of Ordinances requires developers to hold a Stormwater Management Bond upon completion of construction and throughout the life of the stormwater control measure. The bond allows the developer to receive the stormwater permit necessary to perform future maintenance. Jet Insurance Company provides this surety bond as a financial guarantee to the County of Durham should the permittee fail to act in accordance with regulations.
Without brokers or agents involved, Jet has made the bonding process extremely efficient. Get the Stormwater Management Bond today with no added fees or lengthy applications.
Stormwater Management Bonds are just a small percentage of the bond limit with Jet. The cost is dependent on a few factors, two of the main ones being personal credit and bond limit. The bond limit is determined by the stormwater administrator, or their designee, in an amount that covers the construction estimate.
With Jet, you can count not only on low prices but also a surety company that has your back from start to finish.
Jet’s application process only takes a few minutes to complete. Simply provide the information asked for and Jet will provide you with an approved rate after a quick review. For bond limits over $15,000, additional information, such as financial statements, may be requested to determine the price.
You will either receive our quote via email or automatically online after submitting information to make the bond purchase. Once Jet receives payment, a receipt and a copy of the bond will be sent to you for your records. We are happy to file the original bond to the County of Durham for you, or you can choose the option to have the bond sent to your preferred address for personal filing instead.
Yes! Once payment is received, Jet will complete the bond form and send it to the County of Durham. If you prefer to send in the bond with other permit paperwork, you can choose this option when providing payment. The bond should be sent to the following address:
Durham County Engineering Department
c/o Stormwater Administrator
120 East Parrish St., 1st floor
Durham, NC 27701
No. The Stormwater Management Bond must be kept active with Durham County for the duration of the stormwater control measure’s life. The stormwater administrator or their designee will only release the developer of liability and responsibility once they are assured the proposed development is carried out as planned.
Permits are to be maintained for the entirety of the development, and are reviewed by the stormwater administrator every 10 years from the date of original issuance. The Stormwater Management Bond requirement must also be upheld during this time. Upon renewal of the permit, the bond amount is reevaluated to account for any construction or maintenance cost increases.
Bonds are typically purchased in one-, two-, or three-year terms. Upon the bond’s renewal date, Jet sends you a notice with plenty of time to provide payment to extend the bond. Please let us know if the bond limit has changed and we will adjust your premium amount accordingly. Providing payment prior to the renewal date ensures a smooth process; this can be done via mail or online.
Developers can avoid claims on the permit bond by completing work pursuant to Chapter 14, Article 5 of the Durham County Municipal Code, the approved stormwater control plan, and North Carolina State regulations.
Violations are inflicted by the County of Durham for reasons such as:
Civil penalties can be up to $5,000 per day that the violation is not addressed. Criminal penalties include charging the developer with a Class 3 misdemeanor with fines not to exceed $500 per occurrence. Failure for the developer to fix the violations quickly can result in the bond being used for restitution by the County. It is strongly recommended for developers to abide by the regulations for stormwater control measures and resolve discrepancies prior to receiving any fines or a bond claim.
The County of Durham will notify Jet to make the claim payout. At this time, Jet looks into all of the violation details from the County and may request any additional documentation from the developer. If Jet deems the claim legitimate, we will make payment in the amount of the violation, up to the full bond limit. The developer must then pay Jet back, as the bond acts as an extension of credit, unlike insurance, and the developer is ultimately liable for their actions. Receiving a bond claim will result in future difficulties obtaining surety bonds and permits.
The State of North Carolina has various licensing requirements for contractors in the field, and developers should be aware of the licenses and associated surety bonds. Other North Carolina construction bonds can be found by clicking here.