(a) All applications shall be accompanied by a joint and several bond executed by the applicant, with good and sufficient sureties residing in the City, or by a corporate surety licensed to do business in the State, which bond shall be in such sum as may be fixed by the Public Works Director, but not to exceed five thousand dollars ($5,000), conditioned upon true and faithful compliance with all of the terms and representations of the application, the provisions of this chapter and the laws of the State and upon the payment of all fines, penalties, damages and judgments against the City or the applicant attributable to any act, omission, negligence or violation of the applicant.
(b) Any person filing an application under this chapter may elect to file a bond for a duration of any number of years, not more than ten, conditioned as provided in subsection (a) hereof, covering all maintenance, excavations, backfilling and resurfacing for the period specified, which bond shall be in such sum as may be fixed by the Public Works Director, but not to exceed five thousand dollars ($5,000) for each excavation, with surety as provided in subsection (a) hereof. While such bond remains in force, the applicant shall not be required to furnish additional bonds when making applications for permits.
(1977 Code §§ 24-105, 24-107; Ord. 94-80. Passed 9-19-94.)