I'm a new planner who has been asked to review our maintenance bond requirements for the Planning & Zoning Commission. We require two-year maintenance bonds and are considering extending the time period. We donít want to create an unfair burden on developers by extending this time period, but on the other hand, we want to make sure our requirements are adequate. Two years appears to be common for this region (Dallas/Fort Worth), but I don't know if that's because two years is reasonable and adequate or because one or two cities picked the two-year time frame and everyone else copied that requirement.
If your city requires maintenance bonds through its subdivision regulations, for what time period do you require them? What has your experience been? Is two years adequate? If not, would extending the time period to, say, three years or five years be too onerous?