Any person, firm, or corporation who shall obtain a permit for making an excavation or cut below grade in any public street or highway within the city limits shall, upon issuance of the permit, execute an agreement in writing addressed to the city, providing that, if the excavation or cut below grade contemplated by such permit shall at any time within three (3) years after the completion of the work there on settle or wash to an extent of more than one-half (½) inch, such person firm, or corporation shall, at his own expense, re-enter such excavation or cut and repair same.
(Ord. 9-6-83-1, passed 9-6-83)