No right-of-way work permit shall be issued until the permittee has provided a surety bond. This bond is to ensure that the repair of any cuts or excavations is made in accordance with the standards adopted by the Department. The bond amount shall be based upon the total square footage of disturbance and the unit cost determined by a representative from the Department and adjusted annually based on recent construction pricing data. Bonding may be provided by a cash bond, performance bond or letter of credit. The minimum bond amount shall be two hundred and fifty dollars ($250). A performance bond or letter of credit may be utilized as a “running bond.” This type of bonding may be used to cover multiple permits up to but not to exceed the amount of surety. Running bonds must be renewed on an annual basis. The minimum amount for running bonds shall be one hundred thousand dollars ($100,000). A bond release inspection will be conducted ninety (90) days after the final repair of a cut or excavation. The surety posted shall be returned to the permittee upon inspection and approval by the Department.
(Ord. BG2020-19, 8/4/2020)