A. No permit shall be issued under this Chapter, unless the applicant has filed a bond and proof of general commercial liability insurance related to the permittee's activities in such form, with endorsements, as determined by the City Attorney.
1. Such bond and insurance shall be kept in full force and effect during the entire time when such permit is in force and effect.
2. The insurance shall be in the minimum amount of ten million dollars ($10,000,000).
B. The bond shall guarantee the faithful performance of all of the conditions of the permit, and all other pertinent City, State or Federal laws, rules or regulations.
C. The bond shall further guarantee payment of all costs for removing, dismantling or demolishing, in a manner approved by the City's Building Official, and in strict accordance with the rules and regulations of the Division of Oil, Gas and Geothermal Resources (DOG) of the State of California or any regulatory authority having jurisdiction, any structures erected on the premises, on the abandonment or cessation of the drilling activity on the permitted premises.
D. An abandonment fee shall be paid for City's inspection of the premises.
E. The bond shall also guarantee the payment of all costs for returning the premises to substantially its original condition, free from all oil, rotary mud, oil-soaked earth, asphalt, concrete, litter, debris and other substances caused by the drilling or pumping activity.
(Ord. No. 2003-013 § 1 (part))