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SECTION 14 - BONDING
The Regulator shall establish the amount of a performance bond prior to the issuance of the excavation permit. The bond amount shall be reasonably sufficient to guarantee compliance with the restoration in compliance with Section 8. The bond requirements shall be based on the acreage of the project or approved phases and the estimated per acre restoration costs. The bond will be returned to the applicant when restoration work has been completed and a final satisfactory site inspection has been conducted by the Regulator or its designee. The applicant shall pay for any bond reviews by the Town Engineer or Town Counsel, or any other professional service necessary to review the proposed excavation/restoration plan. All bonding shall conform with Appendix D.
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