Prior to the issuance of the license, the applicant shall deposit the sum of one thousand dollars ($1,000.00) for the purpose herein described. This deposit, or any part thereof, shall be used to reimburse the city for actual damages sustained by any public property owned by the city as a direct result of the moving operation. The funds will be applied to correction of damages as follows:
   A.   The city engineer shall immediately authorize the reparation of damages to traffic control devices. Any charges for such repair will be taken from the cash deposit.
   B.   The city engineer, or his designated representative, will advise the licensee of other damages to public property. In the event that the licensee shall fail to repair such damaged property within two (2) working days after receipt of such notice, the city engineer shall cause such repairs to be made.
   C.   In the event that the deposit is insufficient to cover the cost of such repairs, the city may proceed against the surety bond provided. Such deposit may also be used as a guarantee against delinquent or unpaid permit fees, costs in plugging sanitary sewer lines serving the house to be moved and any other unpaid costs directly related to movement of the structure.
   D.   In the event that it is necessary for the city to use any of the deposit as herein provided, the license holder shall receive, in the form of a refund, any monies that remain as part of the deposit. (Ord. 752, 3-10-1997)