Performance Agreement - Public Improvements - Secured with Cash, Check or LOC
Performance Agreement - Public Improvements - Secured with Performance BOND *Limited Use* (See NOTE)
Sample:Letter-Of-Credit (LOC)
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Use (one or a combination) of these Performance Agreement(s) for all Dedicated Public Improvements (Public Roads, Storm Drains or other Improvements constructed for the Public's use that will be maintained by Frederick County upon acceptance by the Board of County Commissioners.
-->A sample Letter-Of-Credit is provided for your bank's reference.
**Please do not vary from the language or format of these documents.**
NOTE:Performance Bonds may only be used for "Public Improvements" where the APPROVED cost estimate exceeds $100,000.00 before contingency, and then ONLY in conjunction with a Letter-Of-Credit.
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