Winfield Indiana is a small town that requires developers to post subdivision bonds as part of the permitting process when sub dividing land. Surety Bonds help protect the municipality if a subdivision developer doesn’t complete specific tasks that are required as part of the subdivision agreement. As reported by nwi.com, In the past few months, the Winfield Town Council has approved “calling” or collecting on surety bonds posted by developers of other subdivisions for work left unfinished. Bonds were called for DoubleTree Estates West phases seven and eight and for portions of Wyndance and Deer Creek Estates. The subdivisions will be completed at no additional expense to the town.
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I don’t even know what to say, this made things so much eaiers!