Road Opening Bond - Township of Sharon, CT in Connecticut

Brief Summary

Sharon, Connecticut is a town, not a township, and the bond should name the Town of Sharon as obligee. Getting that right on the first issue saves a reissue when the Selectmen's office or highway department reviews your road opening paperwork.

The Town of Sharon, Connecticut requires a road opening bond from contractors and utilities who cut into or excavate within a Town road or right-of-way. The bond names the Town of Sharon as obligee and guarantees that the opening will be backfilled, patched and restored to Town standards. Confirm the current amount and bond form with the Town before the bond is issued.

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How to Apply for a Road Opening Bond:

• Confirm the required bond amount and form with the Town of Sharon before applying.
• Apply for the bond naming the Town of Sharon, Connecticut as obligee.
• Complete the surety's underwriting, usually a credit review of the owner.
• Receive the executed bond and file it with the road opening permit application.
• Keep the bond in force until the Town accepts the final restoration.

Detailed Information About the Connecticut Road Opening Bond:

Name the right obligee

Connecticut does not have townships. Its local governments are towns and cities, so the obligee on this bond is the Town of Sharon, Connecticut. A bond issued to a Township of Sharon may be returned for correction, so check the obligee line before you sign.

What the bond guarantees

A road opening bond protects the Town when a contractor, utility or property owner opens a Town road, shoulder or right-of-way for work such as a utility service, drainage pipe or driveway connection. It guarantees that the trench will be properly backfilled and the road surface restored to the Town's standards, and that the Town will be repaid if it has to finish or repair the work itself. If a valid claim is paid, the surety then seeks repayment from the contractor who obtained the bond.

Before the bond is issued

The Town sets the amount, the bond form and any insurance that goes with the permit. Contact the Town of Sharon Selectmen's office or highway department to confirm the current amount and form, and whether the bond is posted per job or held on file for repeat work. Plan for the Town to review the permit before any digging starts.

Cost

Premium is set by the surety after a review of the owner's credit and the company's history. The bond amount the Town requires drives the cost more than anything else.

Eligibility and Requirements for a Connecticut Road Opening Bond:

• Town of Sharon, Connecticut named as obligee, not a township.
• Bond amount set by the Town for the work.
• Contractor or company name on the bond matching the permit application.
• Restoration of the road surface to Town standards.

Connecticut Road Opening Bond FAQs:

Official and Additional Resources for the Connecticut Road Opening Bond: