A cash deposit, insurance policy, bond, or other security approved by the City Attorney shall be maintained by each registrant for each registered newsrack in an amount equivalent to the estimated actual cost of removal of the newsrack and completing any sidewalk or parkway repairs left unfinished by the registrant following the removal of any newsrack. Any such security shall be approved as to form by the City Attorney. (Ord. 5782 § 1 (part); September 25, 2001.)