№ files_lp_4_process_2_56691
Legal deed establishing financial security and obligations between a municipal authority and a development applicant regarding completion of remaining operational works associated with an approved subdivision.
Year: Not specified
Country: Australia
State: Queensland
Region / Municipality: Livingstone Shire
Document Type: Legal Agreement / Deed
Subject: Security bond for incomplete operational works related to subdivision development
Issuing Authority: Livingstone Shire Council
Parties: Livingstone Shire Council and the Applicant
Related Approval: Development Approval for subdivision works
Related Regulation: Construction Procedure CP1.27, Capricorn Municipal Development Guidelines
Referenced Legislation: Land Title Act 1994 (Schedule 1)
Engineer Certification: Applicant’s Engineer Certificate confirming stage of completed works
Security Requirement: Bond equal to 200% of the value of incomplete works
Scope of Works: Minor operational works associated with subdivision infrastructure (roads, stormwater, sewer, water)
Purpose: Guarantee completion of outstanding operational works after endorsement of subdivision plans
Trigger Condition: Endorsement of Plans of Subdivision by Council
Enforcement Mechanism: Bank guarantee callable by Council in case of non-completion
Bond Release Condition: Completion and certification of minor works by Consultant Engineer or Council Engineer
Schedule Components: Operational Works Permit Number, Description of Land, Plan Number, Bond Amount
Price: 8 / 10 USD
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