What the Town of Chester, NY Blanket Right of Way Encroachment Permit Bond ($10,000) is for
The city, county or highway department usually asks for this bond before it issues a permit to work in, cut or move heavy loads over a public road or sidewalk. It guarantees the work meets their rules and that damage is put right.
The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.
What the price depends on
The surety's published rate. You see the final price before you pay.