(A) Paving cuts shall not be permitted or made, except in accordance herewith.
(B) (1) When paving cuts are to be allowed, the City Engineer shall estimate the total cost to repair all paving cuts.
(2) Prior to the issuance of the permit required in this subchapter, the applicant shall submit a bond, with corporate surety licensed to do business in the state, in order to guarantee the proper restoration and maintenance of paving cuts.
(C) (1) The bond shall be for a period of five years from the estimated date of completion.
(2) The bond shall be in a sum equal to 100% of the estimated cost for the first year and 15% of the estimated cost for each subsequent year.
(D) The bond required in this section shall not apply to franchise holders or utility companies paying a gross receipts tax or franchise tax to the city but shall apply to its subcontractors.
(Prior Code, § 5-902) (Ord. 1249, passed 9-6-83; Am. Ord. 1974, passed 8-6-19)