Powder Springs, GA · Cobb County
Letter of Credit Maintenance Agreement
This agreement sets out how a subdivider, an issuer, and the City of Powder Springs use a letter of credit to secure subdivision improvements.
What this form is
The agreement documents a letter of credit securing public improvements in a subdivision, including roads, waterlines, sewer lines, and storm drainage facilities. A subdivider and issuer complete it for the City after constructed improvements are approved; it describes maintenance guarantees, conditions for disbursing or releasing funds, and responsibility for costs beyond the letter of credit. It requests party and subdivision details, the credit amount, and signatures.
Who needs it
A subdivider and the issuer providing a letter of credit for approved subdivision improvements complete this agreement with the City.
How to submit it
The form lists the Community Development Department at 4181 Atlanta Street, Powder Springs, GA 30127, and [email protected]; it also lists 770-943-1666.
About notarization
This agreement is signed without a notary; it calls for an attached unconditional, irrevocable Letter of Credit, and the parties sign and date the agreement.
How to submit this form
- 1
Download The Agreement
Download the Letter of Credit Maintenance Agreement PDF.
- 2
Complete The Agreement
Fill in the agreement date, subdivider, issuer, subdivision, letter of credit amount, and other requested details.
- 3
Gather The Letter Of Credit
Attach the unconditional, irrevocable Letter of Credit referenced in the agreement.
- 4
Submit To The City
Use the Community Development Department contact information listed on the form.
Frequently asked questions
- What does the Letter of Credit Maintenance Agreement do?
- It sets terms for using a letter of credit to guarantee subdivision improvements against defects and secure their maintenance for the stated period.
- Who completes this agreement?
- The agreement names the subdivider, the issuer providing the letter of credit, and the City of Powder Springs as parties.
- Do I need a notary for the Letter of Credit Maintenance Agreement?
- No. This agreement is signed without a notary; it calls for an attached unconditional, irrevocable Letter of Credit, and the parties sign and date the agreement.
- How do I submit the Letter of Credit Maintenance Agreement?
- The form lists the Community Development Department at 4181 Atlanta Street, Powder Springs, GA 30127, and [email protected]. It also lists 770-943-1666.
Need something notarized?
This Letter of Credit Maintenance Agreement doesn’t need a notary — but if you have another Powder Springs form that does, a commissioned online notary can help.