Collateral/Surety is posted to guarantee completion of required improvements associated with certain land use applications. These include, but are not limited to, grading and erosion control, landscaping of public and/or common improvements, defect warranty, construction removal, etc. Some collateral is collected to assure removal of construction items from a property when the approved use has been completed.

NOTE: Once the Surety estimate has been approved, submittal of collateral can be coordinated through the assigned Project Manager. Any request for a reduction in the amount of collateral held by the County must be submitted in writing by the permit holder or authorized representative. Any release is based upon inspection by County Staff and review of the required inspection and documentation provided to the County by the permit holder.

Please use the forms provided below; they have been pre-approved by the County Attorney’s Office. Each document submitted using a different format must be reviewed and approved by the Attorney’s Office. This may cause unwanted delays.

Subdivision Improvements Agreement (SIA)

Letters of Credit (LOC) – typically accompanied by a signed and recorded copy of the Subdivision Improvement Agreement (SIA) and an approved Surety Estimate (Estimate of Guaranteed Funds (EGF)).

• Subdivision Letter of Credit Form
• Letter of Credit Renewal Form
• Defect Warranty Letter of Credit Form
• Tower/Structure/Equipment Removal Letter of Credit Form
• Removal Agreement must accompany collateral form (tower, structure, equipment)
• Construction Permit Compliance Letter of Credit Form (For projects not part of a subdivision)
  
• Financial Assurance Estimate – final (Form is a MS Excel Spreadsheet)
  
• FAE-Sidewalk Addendum – final
• Pre-Development Site Grading Acknowledgement and ROA Form

Bonds – typically accompanied by a recorded copy of the Subdivision Improvement Agreement (SIA) and an approved EGF.

• Subdivision Bond Form
• Bond Renewal Form (most bonds do not expire)
• Defect Warranty Bond Form
• Tower/Structure/Equipment Removal Bond Form
• Removal Agreement & Cost Estimate Sheet -(tower, structure, equipment)
• Landscape Completion Agreement
• ROW License Agreement
• Construction Compliance Permit Bond (For projects not part of a subdivision)

Escrow Agreement- surety amount must match the amount on the Financial Assurance Estimate.

• Escrow Agreement template

Certified or Cashier’s Checks – must be made payable to El Paso County and accompanied by a W-9 form and should have a recorded Subdivision Improvement Agreement and a Surety Estimate Form.

• W-9 Form