(A) Any permittee, except a public utility corporation or a bonded plumber, shall file with the Clerk-Treasurer a corporate surety bond, cash deposit, or certified check in the minimum amount as set forth by City Council from time to time, conditioned that the permittee will:
(1) Perform work in connection with the excavation in accordance with applicable ordinances and regulations;
(2) Indemnify the city and hold it harmless from all damage caused in the execution of such work; and
(3) Pay all costs and damages suffered by the city by reason of the failure of the permittee to observe the terms of applicable ordinances and regulations or because of negligence in the execution of the work.
(B) The bond shall be approved as to form and legality by the City Attorney.
(C) The amount of the bond, cash deposit, or certified check shall be determined by the City Maintenance Supervisor or the City Council.
(Prior Code, § 4.2.3)