Loveland Recommends Chimney Ridge Bond Reduction | City of Loveland | CB BUTTERWORTH LLC

Scope & details

The full contract record, as filed.

Contract amount

Performance Bond reduction from $198,200 to $108,600

Contract type

CONSTRUCTION

Contract term

Guarantee bond held for 1 year; street surfacing guarantee held for 5 years with phased releases

Renewal

Upon acceptance of public improvements, the performance bond will transition to a guarantee bond equal to 10% of public improvements excluding street surfacing, held for one year. Street surfacing guarantees will be held for five years and released in varying percentages.

Document type

StaffReport

Source document

City of Loveland StaffReport Performance Bond Reduction – Chimney Ridge 2026-09-22

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City of Loveland Minutes City Council Meeting Minutes 2026-09-22

APPROVED

City of Loveland, OhioReduced from $198,200 to $108,600Sep 22, 2026

City of Loveland Agenda City Council Meeting September 22, 2026

PENDING

City of Loveland, OhioReduced from $198,200 to $108,600Sep 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Loveland?

Cb Butterworth Llc was awarded this construction contract by City of Loveland, as recorded on September 21, 2026. The contract value is Performance Bond reduction from $198,200 to $108,600.

How much is the Cb Butterworth Llc contract with City of Loveland worth?

The Cb Butterworth Llc contract with City of Loveland is valued at Performance Bond reduction from $198,200 to $108,600, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Loveland StaffReport Performance Bond Reduction – Chimney Ridge 2026-09-22 (StaffReport), dated September 21, 2026 from City of Loveland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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