No permit shall be issued unless the applicant has also filed with the Town Clerk-Treasurer a bond with a lawful corporate surety or an indemnity insurance policy, in the sum to be determined by the Town Council based upon the size and scope of a project, but not less than $25,000 conditioned to indemnify and hold the town harmless against any and all claims or injury or damage to persons or property resulting from the performance of work contemplated or any act done pursuant thereto, or against any loss or damage to town utilities or other property, and against liability resulting from the maintenance of any such cable, wire, conduit or other attachments or equipment so installed. Such bond shall be a continuing blanket bond for a period of one year computed from the time the work is completed.
(Ord. 8-2018, passed 11-9-2018)