Release of Performance Guarantees

Congratulations! You’re Done – Well Almost – Just a few final matters. Remember the security you posted with the municipality to insure that you would complete the required site improvements? Would you like it to be returned?

The Uniform Construction Code does not always require completion of all of the prior approvals as a condition of issuance of a certificate of occupancy. It’s quite possible that you have been required to post a security deposit for the construction of site improvements. This security must be released by a formal action of the governing body. Usually, they will not release the security without a recommendation from the municipal engineer stating that the work has been completed acceptably. If you wish to have the funds released, you will need to schedule one last inspection with the municipal engineer.

Now, if you have followed through all of these many pages, I hope that you have a basic understanding of the planning, zoning and building rules in the State of New Jersey. Good luck with your project – and one last recommendation to engage the assistance of qualified design and legal professionals.

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