The Agency may require, as a permit condition, the filing of a bond with such surety, and in such amount and in a form approved by the Agency. Upon approval of the application and prior to issuance of a permit, the applicant may, at the discretion of the Agency, be required to post security for the faithful performance of the work approved by the Agency. The Agency may also require insurance in such amounts and types as it may deem necessary to protect the public interest. The form of such security and insurance shall be approved by the Agency in consultation with the Town's insurance agent and attorney.
The bond or surety shall be conditioned on compliance with all provisions of these regulations and the terms, conditions and limitations established in the permit.