(A) No person, firm or corporation shall excavate, construct, cut or repair in any public rights-of-way in the city without first obtaining a permit from the City Engineer.
(B) No such permit shall be issued unless there is posted a performance bond by the permittee in any amount to be determined and to be approved by the City Engineer but in any event not less than $5,000 for each separate permit provided, however, that utility companies may furnish in lieu thereof an indemnifying agreement or post a continuing performance bond with the city in the sum of $250,000.
(C) No such permit shall be issued unless such application is accompanied by a statement showing to satisfaction of the city that permittee has in force with the city as an insured under a general liability insurance policy, not subject to cancellation without permission of the city during the period of the work with coverage of not less than $100,000 for single personal injury; $300,000 for personal injury to more than one person, and $50,000 for property damage.
(D) The Board of Public Works and Safety is further authorized and directed to issue such other reasonable rules and regulations and establish procedures for the administration thereof as will provide for the safety of the citizens and the protection of the property of the city in such rights-of-way.
(‘85 Code, § 12.23)