The Texas General Contractor Bond is required by the City of Olmos Park.
The City of Olmos Park requires that the Texas General Contractor Bond be in the amount of $5,000. The cost of this bond starts at $100 for the year.
All general contractors will be required to file this bond with the city in order to obtain a permit as a general contractor and be able to do construction projects in the city. This bond must be filled out on the City of Olmos Park’s bond form. No other bond form will be accepted by the city.
The Texas General Contractor Bond for the City of Olmos Park states that the the bond holder will pay all fines imposed upon him or her by the Municipal Court for the violation of the Code of Ordinances of the City of Olmos Park.
Home owners improving their own property and accomplishing the work themselves or acting as their own contractor can be exempt from posting a surety bond, unless the property is rental/lease property. If the property is a rental or lease property, the $5,000.00 surety bond will still be required.