Unless this provision is waived in the permit, before a permit is effective, the permittee shall deposit with the City Engineer, or agent authorized by resolution of the Council, cash or a certified or cashier's check, in a sum to be fixed by the City Engineer as sufficient to reimburse the city for costs of restoring the right-of-way or watercourse to its former condition, based on the schedules, if any, adopted by resolution of the Council; provided, however, the permittee may file a cash deposit on an annual basis in a sum estimated by the City Engineer as sufficient to cover the activities of the permittee during any 12 month period.
('66 Code, § 7-2.401) (Ord. 41-C-S, passed 2-7-68)