Maintenance bond.

Indianapolis-Marion County Revised Code § 741-212

in effect

Sec. 741-212. - Maintenance bond. A. Upon completion of the following types of improvements, but prior to the acceptance of those improvements for maintenance by the appropriate governmental unit or regulated utility, the applicant shall provide a three-year bond for the following improvements and installations: streets, sanitary sewer, storm drainage including associated landscaping, sidewalks and pedestrian walkways, street signs, and other improvements as required by the Committee. Unless specifically required by the Committee, maintenance bonds shall not be required for the following improvements: monuments, erosion control, or street lights. B. The maintenance bond shall be with the applicant or some other person satisfactory to the Commission as principal, and shall run jointly and severally to Marion County, Indiana, the Commission, and, if applicable, any other governmental unit or regulated utility having a legal responsibility for the construction, completion or maintenance of such improvements and installations. For projects not within the jurisdiction of an excluded city or town (Beech Grove, Lawrence, Southport, and Speedway), the beneficiary shall be the City of Indianapolis. For projects within the jurisdiction of an excluded city or town (Beech Grove, Lawrence, Speedway, etc.), the beneficiaries shall be jointly the City of Indianapolis and the excluded city or town. C. The maintenance bond shall be in an amount equal to 20% of the cost, as determined by the Administrator, of all improvements and installations as required by these regulations and the cost of any improvement or installation for which an equivalent bond has previously been provided to such other governmental unit or regulated utility. D. The maintenance bond shall provide surety satisfactory to the Commission. E. The maintenance bond shall warrant the workmanship and all materials used in the construction, installation and completion of such improvements and installations to be of good quality and constructed and completed in a workman-like manner in accordance with the standards, specifications and requirements of these regulations and the satisfactory plans and specifications for such improvements submitted to the Administrator. F. The maintenance bond shall provide that for a period of three years after formal acceptance, the applicant shall at its own expense make all repairs to such improvements and installations, or the foundations of those improvements, that may become necessary by reason of improper workmanship or materials, but not including any damage to such improvements and installations resulting from forces or circumstances beyond the control of the applicant or occasioned by the inadequacy of the standards, specifications or requirements of these regulations. G. Maintenance bonds shall be filed on the approved Department form titled "Maintenance Bond." All funds received from the maintenance bonds required by these regulations shall be used only for the purpose of making the improvements, installations or repair for which such bonds were provided, in accordance with the standards, specifications and requirements of these regulations. (G.O. 64, 2015, § 2)

Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIIIPUHEWE_CH741SURE_ARTIISUAPPR_S741-212MABOFetched: 10/27/2026