(A) (1) All bonds shall name the “Board of Spencer County Commissioners, Spencer County, Indiana” as beneficiary of the bond, and shall run for a minimum of one year. Certificate of insurance is not acceptable for bonding purposes. The bond must name the Board of Commissioners exclusively, and not be subordinate to any other claims against the bond. The Board of Commissioners will set the bond amount.
(2) In general, the following in division (A)(3) below are minimum bond amounts that will be required by the Board of Commissioners, however, where there is a higher risk to county infrastructure, or the permitted work is much larger or complex than normal permitted work, the Board of Commissioners reserve the right to increase the bond requirement after reviewing the application for permit, and before approving the permit.
(3) The minimum bonding amounts are as follows.
Type of Work
|
Bond Amount
|
Type of Work
|
Bond Amount
|
Closure of county road | $1,000 per closure |
House moving | $30,000 per move |
Maintenance bonds | Equal to the initial permit bond amount |
Open road cut | $10,000 per location |
Placement/removal of poles/overhead lines | $5,000 per mile, or fraction of mile |
Push or bore | $5,000 per push or bore |
Tap pit (including a directly-associated push or bore) | $5,000 per tap pit |
Underground construction, grading, trenching, or excavation parallel to the road or mile | $5,000 per mile, or fraction of mile |
Vehicle weight restriction exemption | $30,000 per permit |
(B) The Board of Commissioners will allow applicants who intend to file for multiple permits to have an annual permit bond for utility work in the county right-of-way. The minimum annual permit bond amount requirement is currently $25,000. The annual permit bond shall be written so that it automatically renews, unless the surety gives a written notice 60 days prior to the annual expiration date. The written notice must sent be by certified mail to the County Board of Commissioners, Attn: County Auditor. At the discretion of the County Commissioners, an annual permit bond may be allowed for house moving and vehicle weight restrictions in a minimum amount of $100,000.
(Ord. 1999-01, passed 1-4-1999)