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(A) The applicant shall file with the application a bond in a sum at least three times the amount of the good faith estimate of the cost of restoring the surface in accordance with the requirements of the commonwealth for restoration of road or sidewalk surfaces in effect at the time the application is made and also conditioned on completing restoration with the time specified in the application. The bond shall remain in force for one year after the restoration is completed to ensure restoration in compliance with this subchapter.
(B) In lieu of an individual bond to be filed with the application, the public utility may file a bond in the sum of $50,000, which shall remain in effect until both the applicant and the city agree that there is no further obligation under the bond, which bond shall cover multiple applications.
(1993 Code, § 12.12.030) (Ord. 98-14-09, passed - -)