(A) Required. Any firm, person or corporation who intend to excavate in a public right-of-way or perform sanitary sewer work beyond five feet of the exterior wall of any building shall cause his or her name, residence and place of business to be registered with the city, along with the telephone number of said business.
(B) Bond. Each person required to register shall give bond to the city in the sum of $50,000, conditioned upon a full indemnity to the city may be liable by reason of:
(1) Failure of any firm, person or corporation to observe ordinances of the city pertaining to excavation in a public right-of-way or perform sanitary sewer work beyond five feet of the exterior wall of any building;
(2) Failure of the person to observe all rules and regulations established under the authority of any ordinances of the city pertaining to excavation in a public right-of-way or perform sanitary sewer work beyond five feet of the exterior wall of any building; and/or
(3) Negligence of the person or his or her employees in performing or protecting any street excavation, sewer work beyond five feet of the building or right-of-way areas.
(C) Liability insurance policy.
(1) Each person or firm prior to registering under this section shall have a minimum policy of liability insurance in the amount of $500,000 and shall present proof of said insurance to the city. The city must be listed as an additional insured on the liability insurance.
(2) The bond shall be renewed annually in the event of the impairment of the surety. The bond may be written by a surety company, or may be secured by a deposit of cash or United States government securities in the amount of the bond and shall be filed with the City Clerk.
(3) No firm, person or corporation having obtained a bond with the city shall allow his or her name or his or her business name to be used by another person or company either for the purpose of obtaining permits or for street excavations work under this subchapter.
(1960 Code, § 40-2-15) (Ord. 7087, passed 2-19-2008)