Applicants shall file a completion bond with the county engineer in the amount as set by resolution of the board of county commissioners at the time the permit is approved. This may be cash, a letter of credit from an FDIC insured financial institution, or a corporate surety bond. The bond shall be valid for a period of two (2) years from the date of the construction inspection to guarantee that the conditions of any permit together with any restorative work is completed properly. The bond will be released upon recommendation of the county engineer and/or the county road inspector.
Applicants for permits may request permission from the board of county commissioners to secure a continual annual bond in lieu of separate bonds for each excavation. Applications for continual bonds shall be made before December 31 of each year and shall be valid for the next calendar year or as determined by the board of county commissioners.
Those public entities which are regulated by the state of Utah public service commission, the mountain regional water district and the Snyderville Basin sewer improvement district are exempt from the bonding requirements of this chapter, but shall still be required to obtain a road excavation permit prior to making excavation. (Ord. 181-D, 5-8-2000)