Applicants for permits as provided for by this chapter shall submit, together with the application, a performance bond in the amount of one thousand dollars ($1,000) for each permit for any opening up to 100 square feet. For any opening in excess of 100 square feet, the bond shall be in an amount as shall be determined and approved by the Engineer. In the case of those who maintain utilities under the streets and rights-of-way of the Borough, the performance bond shall be so written as to cover each and every opening made. The performance bond shall guarantee the work performed by the permittee for a period of two years as provided for in Section 1024.14. Performance bonds shall be filed in the Office of the Secretary/Treasurer and a record of such bonds shall be maintained by the Director. The Director shall be responsible for checking the effective period of the bonds so as to assure coverage for at least the two-year period referred to in Section 1024.14.
(Ord. 1996. Passed 8-19-86.)