City of Anoka Alcohol Beverage Bond Guide
If you’re applying for an alcohol license in Anoka, Minnesota, you’ll likely need this surety bond.
Bond Overview
- Purpose: To hold alcohol businesses liable for paying taxes and following license regulations
- Who Needs It: Alcohol licensees in Anoka, MN
- Regulating Body: The City of Anoka
- Required Coverage: $5,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Anoka Alcohol Beverage Bond?
An Anoka, Minnesota alcohol beverage bond holds alcohol licensees financially liable for paying taxes and following license regulations.
The City of Anoka requires this bond as part of the licensing process for all alcohol licensees in the state.
How Much Do Alcohol Beverage Bonds Cost in Anoka, MN?
A $5,000 City of Anoka, MN alcohol beverage bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Anoka alcohol beverage bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the City of Anoka as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Anoka Alcohol Beverage Bond Work?
As with all surety bonds, an alcohol beverage bond creates a legal contract between three parties:
- Principal: You, the alcohol business owner(s) filing the bond
- Obligee: The City of Anoka requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Anoka City Code 6-1.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your alcohol beverage bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.