The Board shall require any applicant granted permission to cut or modify any curb, gutter, alley or street for driveway purposes to post a bond to secure the city against costs incurred by it to repair defective or inadequate improvements within the right of way or to repair damage to other improvements in the right-of-way caused by the construction of the driveway. The driveway bond shall be 100% of the estimated cost of constructing the improvements within the right-of-way, and the calculation of the bond amount shall not include the cost of constructing any improvements upon private property. However, in any event, the amount of the bond shall be not less than $100. The bond may be posted by the project owner or the project contractor on behalf of the owner. The bond may be provided in the form of cash, a certified check, cashier's check, business check, personal check or money order made payable to the city. The bond requirement also may be covered by an insurance company blanket construction bond, placed on file with the Department of Public Works and Utilities for up to 12 months. The amount of a blanket bond shall be a minimum of $10,000 with an upper limit of $50,000. Projects in progress conducted under a blanket bond will be totaled to ensure that the upper limit of the bond is not exceeded by projects underway concurrently. Conditions of any bond shall be that the work be done in conformity with the permission granted and that the principal properly repair any damage to the curb, gutter, alley, street or other appurtenance caused by or arising from the construction of the driveway within a time to be fixed by the Board.
(1979 Code, § 97.22) (Ord. 2988, passed 2-27-1978; Am. Ord. 4602, passed 8-6-2001; Am. Ord. 5241, passed 12-6-2010) Penalty, see § 97.999