Powder Springs, GA · Cobb County
Letter of Credit Performance Agreement
Subdividers, issuers, and the City use this agreement to secure construction of subdivision improvements with an unconditional, irrevocable letter of credit.
What this form is
This agreement sets out how a letter of credit secures construction of improvements in a subdivision and how funds may be released or used if work is incomplete or unpaid. The subdivider and issuer provide their business details, the subdivision, security amount, applicable code section, and completion period. The agreement also describes the parties’ responsibilities and is signed by the subdivider, issuer, and City.
Who needs it
A subdivider and the letter-of-credit issuer complete this agreement when security is required for construction of subdivision improvements.
How to submit it
The form names the Community Development Department at 4181 Atlanta Street, Powder Springs, GA 30127. It also lists [email protected] and 770-943-1666.
About notarization
This agreement is signed without a notary; it calls for the parties’ signatures and corporate seals, and does not identify a notarized or sworn attachment.
How to submit this form
- 1
Download The Agreement
Download the Letter of Credit Performance Agreement PDF.
- 2
Complete The Agreement
Enter the subdivider and issuer information, subdivision, code section, security amount, and completion period requested on the form.
- 3
Attach The Letter Of Credit
The agreement refers to an attached unconditional, irrevocable Letter of Credit.
- 4
Sign And Submit
The subdivider and issuer sign the agreement; submit it to the Community Development Department using the contact details shown on the form.
Frequently asked questions
- What does the Letter of Credit Performance Agreement do?
- It describes how an unconditional, irrevocable letter of credit secures subdivision improvements and when funds may be released or used to complete work.
- Who completes this agreement?
- The agreement identifies the subdivider, issuer, and City as parties. It provides spaces for their business information and signatures.
- Do I need a notary for the Letter of Credit Performance Agreement?
- No. This agreement has no notary block; the parties sign it and the form calls for corporate seals. It does not identify a notarized or sworn attachment.
- How do I submit the Letter of Credit Performance Agreement?
- The form lists the Community Development Department, 4181 Atlanta Street, Powder Springs, GA 30127, and [email protected]. Contact the department using the details on the form.
Need something notarized?
This Letter of Credit Performance Agreement doesn’t need a notary — but if you have another Powder Springs form that does, a commissioned online notary can help.