Thornton, CO · Adams County
Agreement for Assignment of Surety Funds as a Performance Guarantee
This agreement assigns funds held by a financial institution to the City of Thornton as a performance guarantee for a principal’s public or private improvements under a Developer’s Agreement or Construction Permit.
- licensed online notary
- ~15 min average
- Notarized PDF emailed
What you’ll need
- Government-issued photo ID
- Webcam-enabled device (laptop or phone)
- This form, ready to upload as a PDF
What this form is
The agreement sets out how the principal deposits and assigns funds to the City of Thornton to secure construction and maintenance obligations for project improvements. It describes the financial institution’s role, when the City may demand or release funds, and the principal’s responsibilities for construction, repairs, and maintenance. The form is for use when a Developer’s Agreement or Construction Permit requires a performance guarantee; the principal and financial institution complete their respective sections and sign.
Who needs it
A project principal and its financial institution use this agreement when a Thornton Developer’s Agreement or Construction Permit requires funds as a performance guarantee.
Why it needs a notary
The form has acknowledgment blocks for the principal’s representative and the financial institution’s representative, who must each sign before a notary.
How to get this notarized
- 1
Download the Agreement
Get the Agreement for Assignment of Surety Funds as a Performance Guarantee from the City of Thornton.
- 2
Complete the Agreement
Fill in the project, party, deposit, account, and other requested information with the relevant parties.
- 3
Book an Online Notary
Arrange a remote notarization with a commissioned online notary for the principal and financial institution representatives.
- 4
Sign on Video
Each representative signs their acknowledgment section during the online notary session.
- 5
Submit to the City
Send the completed agreement to the City of Thornton as directed for the related Developer’s Agreement or Construction Permit.
Preview the form
The blank PDF straight from Thornton. Look it over, then upload your filled copy to start the notary session.
You’ll need ID and a webcam.
A licensed online notary will join you on video, verify your government-issued ID, witness your signature, and apply their seal. You’ll receive the notarized PDF by email when the session ends.
Frequently asked questions
- How do I get this agreement notarized online?
- Complete the agreement, then book with a commissioned online notary. The principal’s representative and financial institution’s representative each sign during their notarized acknowledgment.
- Do I need to notarize both signature blocks?
- The form includes separate acknowledgment blocks for the principal’s representative and the financial institution’s representative. Each representative should sign before a notary.
- Can I use an online notary for this Colorado form?
- Colorado law authorizes remote online notarization by a commissioned online notary under C.R.S. §24-21-514.5. Confirm the City’s submission requirements before signing.
- When is this agreement used?
- The form states it is used when a Developer’s Agreement or Construction Permit requires the principal to provide funds as a performance guarantee for improvements.
- Where do I submit the completed agreement?
- The form names the City of Thornton and its Development Engineering Manager. Follow the City’s instructions for submitting the completed agreement; confirm with the city or town if unsure.