Section 130-6 BOND PREREQUISITE


No person shall be granted a permit required by this article unless he shall first enter into a bond, with sufficient surety, or in lieu thereof, by a cash bond, payable to the Town and meeting all requirements of this Code.  Such bond shall be conditioned upon the restoration of the public right-of-way to its prior condition, and the Director of Public Works shall be the sole judge of the adequacy of such restoration.  The penal sum of the bond shall be in an amount to be determined by the Director of Public Works, and shall be such amount as will enable the Town to have such restoration done properly in the event that it is not done by the permit holder.  In the event of a cash bond, such bond may be returned to the permit holder by the Director of Planning at such time as the bond conditions have been met.  Bonds posted in accordance with franchises, licenses, or other agreements or for site developments shall be acceptable for meeting the intent of this section provided such bonds are first reviewed by the Town Attorney and contain no limitations in applicability to work under these permits.

(Ord. No. 12-05 Added Entire Section 6-27-05-Effective Upon Passage)