DEVELOPMENT AND FLOOD CONTROL DIVISION
2250 Las Vegas Boulevard North
North Las Vegas, NV 89030
Phone: (702) 633-1200
Fax: (702) 649-4696
Fees, Sureties, and Agreements
Sonya Goetz (702) 633-1919
Fees: Submittal fees are addressed on the pages dedicated to Flood Control/Drainage Study Review and Civil Improvement Plan Review and Permitting. Once civil improvement plans are on mylar, the bond and fee estimate is approved by the DFC Project Leader. At this time, a financial summary will be provided to the project’s representative that summarizes all outstanding fees due to the City prior to final approval of the civil improvement plans. These fees will include, but are not limited to, outstanding plan check and inspection amounts, stormwater inspection fees, tortoise mitigation fees, traffic signal cost participation, etc.
Sureties (acceptance): The City of North Las Vegas accepts bond, cash, cash-in-lieu of bond agreement, separate account, or an unconditional and irrevocable letter of credit as forms of surety to insure the completion of public improvements associated with the construction of a development. After the improvement plans are in their final form, the amount of surety will be approved in the amount of one hundred (100) percent construction costs, plus ten (10) percent for contingencies, based on costs shown on the city's bond and fee estimate. The surety will be filed with the city clerk and accepted by the Public Works Director, guaranteeing that the proposed improvements will be completed within eighteen (18) months from the time of execution.
Performance Bond: Bonds accepted by the City must be rated an A+ or better by A.M. Best Company. The form below is to be used as a template.
Bond Form (.pdf 38K)
Cash: Cash may be accepted as a substitution to a performance bond. The cash must be a sum equal to the amount that would otherwise have been required by the performance bond as security for the faithful performance of all the terms and conditions of the off-site improvements agreement.
Cash-in-lieu of bond agreement, separate account: This form of surety is governed by City of North Las Vegas Municipal Code Title 16.16.120. The city may enter into "cash-in-lieu of bond agreement, separate account" with the developer, which shall provide for the establishment of a separate account by the developer with a financial institution that does business in the state of Nevada, and is acceptable to and approved by the city. In this separate account shall be deposited a sum equal to the amount that would otherwise have been required by the performance bond as security for the faithful performance of all the terms and conditions of the off-site improvements agreement.
Letter of Credit: The letter of credit must be signed by both the owner and the developer and must be from a bank that does business in North Las Vegas. The letter of credit must be a sum equal to the amount that would otherwise have been required by the performance bond as security for the faithful performance of all the terms and conditions of the off-site improvements agreement.
All forms of surety must be in the name of the owner/developer of the parcel being improved. If the owner is not the developer, a notarized letter from the owner granting the developer permission and authority to improve is property as depicted on the approved civil plans is required.
When property changes ownership, a new surety and agreement in the new owner/developers name must be posted with the City. Anytime a surety is replaced, there is a $250 processing fee that is due upon submittal of the new surety.
Agreements: An offsite improvement agreement between the owner/developer of the site and the City is required for all projects where a surety is required. The offsite improvement agreement ties the surety to the approved civil plan set. Three originally signed agreements are required to be submitted with the surety after approval of the bond and fee estimate and prior to the final approval of the civil improvement plans. Two templates have been established for City of North Las Vegas Offsite Improvement Agreements – one is for subdivision projects and one is for commercial/industrial projects without an associated tentative/final map. Links to these templates are provided below for your convenience.
Subdivision Off-Site Improvements Agreement (.pdf 66K)
The fee for processing the Offsite Improvement Agreement is $100 for each occurrence. Please note that when a property changes ownership, a new surety and agreement in the new owner/developers name must be posted with the City.
Sureties (reductions/releases): Bond reductions and releases are initiated in the Public Works Construction Services Division. A link to the City’s policy and procedure regarding surety reduction and release is provided below.
Surety Reduction and Release Procedure (.pdf 148K)
There is a document processing fee of $150 for each bond reduction occurrence that is due prior to the reduction being finalized.
As a result of the bond release options detailed in the Surety Reduction and Release Procedure, a developer may elect to post a damage deposit and agreement. The City of North Las Vegas template for this agreement is provided below.
Damage Deposit Agreement (.pdf 610K)
If the developer chooses to utilize the Restrictive Covenant Not to Build option, there is a $150 processing fee for each covenant processed.