BramptonPlanning ApplicationsSite Plan
Development Agreement Pay-On Demand Surety Bond
Published by City of Brampton
This is the City of Brampton’s document, as published on its website on 19 October 2026. The municipality may have changed it since: check the current version at the source. Legal notice
- Type
- Form
- Published by
- City of Brampton
- Date
- March 2026
- Also called
- Surety Bond Template
- Form reference
- O. Reg. 461/24 under the Planning Act, R.S.O. 1990, c.P.13
- For
- any
- Signed by
- principal · surety
- Building types
- All building types
- Pages
- 6
- Window
- fifteen (15) business days after the surety's receipt of a demand
Overview
The City of Brampton's Development Agreement Pay-On Demand Surety Bond template, marked March 2026, binding a principal and surety to The Corporation of the City of Brampton as obligee for a development agreement. Twenty-three numbered terms cover the demand procedure and its fifteen business day payment period, irrevocability, multiple demands, reduction and termination, replacement security on ninety days notice, the surety's insolvency, notice addresses, and the credit ratings a surety holds under O. Reg. 461/24. Signature blocks follow, and Schedule A is the demand and notice of default.
What it covers
- Development Agreement Pay-on Demand Surety Bond
- The Surety:
- The Principal:
- The Obligee:
- Schedule “A” Demand - Notice of Default
- Payment instructions
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