City of Owen Sound Corporate Services Committee Agenda July 2025
City to Engage Legal Counsel on Surety Bond Templates
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Description
The Corporate Services Committee recommends that City Council approve a new Surety Bonds and Letter of Credit Policy and directs staff to work with external legal counsel to finalize standardized bond templates and application forms before any surety bonds are accepted. This engagement will ensure bond documents comply with Ontario Regulation 461/24 and adequately protect the City's financial interests.
Contract Details
Vendor
EXTERNAL LEGAL COUNSEL
Agency
City of Owen Sound, Canada
Contract Type
LEGAL
Document Date
July 10, 2025
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