(a) The bond which must be filed before a permit may be issued pursuant to Section 909.02 shall be in the penal sum of ten thousand dollars ($10,000.00), conditioned to the effect that such permittee in the installation of laterals from water and sewer mains, whether under contract with the City or a property owner shall:
(1) Comply strictly with all the laws and ordinances applicable thereto;
(2) Construct all such work according to established grade and in accordance with specifications adopted by the City or a duly authorized officer thereof;
(3) Remove all debris after the completion of the work covered by a contract;
(4) Pay all damages which may accrue because of defective or inferior workmanship or materials in such work, or repair or replace the same, provided such defective conditions become evident within a period of one year after the completion of the construction;
(5) Indemnify and save harmless the City and the property owner with whom he contracts, and both or either of them, from all claims, charges, losses, costs, damages, suits and actions of every kind against either or both, for or on account of any injury or damage to person or property, or both, because of, arising out of, or incident to the construction of the work in any such contract specified to be done; and
(6) Pay any and all claims for labor, materials, machinery or equipment furnished for the work specified in any such contract.
(b) Nothing herein shall be construed as requiring that such bond be in the express terms of this section. A substantial compliance shall be sufficient.
(c) Such bond shall be executed by sureties to the satisfaction of the Financial Services Administrative Director, and, if personal surety is offered he shall be entitled to require that each such surety make affidavit that he is the owner of real property in Greene County, Ohio, and worth over and above all exemptions, debts and other obligations, including all other obligations of guaranty or suretyship whether a surety or guarantor on bonds, on promissory notes, or other obligations, an amount equal to or in excess of the penal sum of such bond.
(d) In addition to furnishing bond referred to the preceding paragraph, the permittee shall furnish satisfactory evidence, before a permit is issued to him, that he has procured public liability and property damage insurance which shall protect him, his subcontractors and the City from all claims for damages for personal injuries, including accidental death, in the sum of one hundred thousand dollars ($100,000) for any one person injured, with an aggregate of three hundred thousand dollars ($300,000) for any one accident and which shall protect them from claims for property damage in the sum of one hundred thousand dollars ($100,000) which claims may arise from his operations as a contractor and referred to above.
(Ord. 46-06. Passed 12-18-06.)