City of Fresno, CA – Streetwork and Excavation Bond

City of Fresno, CA - Streetwork and Excavation Bond - An excavator working in the street.

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Today, we’re going to talk about something important that affects the city where you live: the City of Fresno, CA – Streetwork and Excavation Bond. Don’t worry; we’ll make sure you understand everything, just like a fifth-grader should!


Why Do We Need the Streetwork and Excavation Bond?

Think about how you walk or ride your bike to school or your favorite park. You use the roads and sidewalks, right? Well, those streets and sidewalks need to be in good shape, so you don’t trip or fall. They also need to be safe for cars and buses to drive on.

The Streetwork and Excavation Bond helps the City of Fresno pay for repairing and improving these roads and sidewalks. It’s like the city’s way of borrowing money to make sure our streets are safe and smooth for everyone to use.

City of Fresno, CA - Streetwork and Excavation Bond - A digger doing roadwork in a not on busy street.

How Does the Bond Work?

Now, let’s understand how the Streetwork and Excavation Bond works. The city doesn’t have all the money it needs right away to fix all the roads and sidewalks. So, it asks people and companies to lend them money by buying bonds. These bonds have a promise written on them, just like your promise to pay back your video game money.

When people and companies buy these bonds, they are lending money to the city. In return, the city promises to pay them back with some extra money called interest. Think of it like a thank-you gift for helping fix the streets. The city uses the money from the bonds to start working on the roads and sidewalks right away.

What Happens After the Bond Is Sold?

Once the city has the money from selling the bonds, they use it to hire workers, buy materials, and start fixing the streets and sidewalks. They make sure everything is done properly and safely. This helps make our city a better place to live, play, and go to school!

The city doesn’t just take the money and forget about it, though. They keep track of the money and use it only for the projects mentioned in the bond. They also make sure to pay back the people and companies who lent them the money, along with the interest.


So there you have it, young learners! The City of Fresno, CA – Streetwork and Excavation Bond is like a promise to make our streets and sidewalks safe and smooth. It’s a way for the city to borrow money and use it wisely for important projects. Just like you, the city has to keep its promises and make sure things are done right. Keep asking questions and learning about how your city works – you’re the future leaders who will make it even better!

What Is a Bond?

To start, let’s talk about what a bond is. No, we’re not talking about James Bond, the famous movie spy! In the world of finance and government, a bond is like a promise. It’s a way for the city to raise money for important projects, like fixing roads and making sure our streets are safe.

Now, imagine you wanted to buy a new video game, but you didn’t have enough money right now. So, you ask your parents if you can borrow some money, and you promise to pay it back later. That promise is like a bond. The City of Fresno does something similar, but on a much bigger scale.

Frequently Asked Questions

What happens if the city can’t pay back the money from the bonds?

Great question! The city takes its bond promises very seriously. They have a plan to make sure they can pay back the money, and they use the extra money (interest) they earn from the bonds for that. Plus, lots of people and companies trust the city, so they are willing to lend them money by buying bonds.

In rare cases, if the city had real trouble paying back the money, they might need to make some tough decisions, like using other funds or talking to experts for help. But the city always tries its best to keep its promises.

How can I find out if the City of Fresno is using the bond money for the right things?

It’s excellent that you want to make sure things are done properly! The City of Fresno is very transparent about how they use bond money. They have meetings and reports where they talk about their plans and what they’ve done with the money. You can even attend some of these meetings when you’re older to see for yourself.

What happens if the City of Fresno has some bond money left over after all the road and sidewalk repairs are done?

Great question! If there is any money left over from the bond after completing the planned projects, the city can’t just use it for anything they want. They have rules and regulations that require them to use any extra money for similar improvements or pay back the bondholders. It’s all about being responsible with the money and making sure it goes where it’s supposed to.

Account Executive at Axcess Surety
Glenn is dedicated to helping contractors get surety bonds and support. Glenn specializes in the construction industry with expertise in bids bonds, performance bonds and payment bonds. Glenn regularly published articles and resources for all things surety bonds.
Glenn Allen
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