A permittee, prior to the commencement of excavation work, shall furnish the Director satisfactory evidence in writing that the permittee has in force and will maintain in force during the performance of the excavation work and the period of the excavation permit, public liability insurance of not less than one hundred thousand dollars ($100,000) for any one person, three hundred thousand dollars ($300,000) for any one accident and property damage insurance of not less than fifty thousand dollars ($50,000) duly issued by an insurance company authorized to do business in this State. The policies of insurance shall name the City as an additional insured under the policies. The permittee will further submit a surety bond or a completed works insurance policy guaranteeing the restoration of the excavation in a good and safe condition, as near as may be to its original condition, as determined by the Director for a period of twelve months after work has been done, usual wear and tear accepted.
(Ord. 3428-69. Passed 8-18-69.)