No excavation permit shall be issued unless and until the applicant has filed with the city clerk a cash deposit. The amount of the deposit shall be determined by the director and shall insure that the street, alley or public property is restored to its original condition. If the restoration, or any portion thereof, is completed by the city, or at the expense of the city, the city shall deduct any incurred expense from this deposit. The balance shall be returned to the applicant without interest after the street, alley or public property is restored to its original condition. In lieu of a deposit the applicant may deposit with the city clerk a surety bond in such form and amount as the director shall deem adequate to cover the costs to the city if the applicant fails to make proper restoration.
(Ord. #002-01-01, Feb. 2002)