§ 97.48  DEPOSIT; INSURANCE REQUIRED.
   (A)   When the application to cut or excavate any street, alley, sidewalk, or other public place and the details shown upon the accompanying plat when such plat is required, comply with the terms of this subchapter and the requirements of the City Engineer have been complied with, the application shall be approved by him and filed in his office as a public record.
   (B)   The City Engineer shall, before the issuance of such permit, require such applicant to deposit in his office a sum of money, either in cash or represented by a certified check on some bank in the city, payable to the city, such sums of money as the City Engineer may think sufficient to restore such street, alley, or sidewalk, or other public place to its former condition.
   (C)   When the work is completed, and the streets, alleys, sidewalks, and other public places are restored to their former condition by the applicant, which condition shall be approved by the City Engineer, it shall be his duty to refund or cause to be repaid to the applicant, the amount or sum of money so deposited by the applicant.
   (D)   In the event the excavation should be of such nature as to cause an open excavation in any street, alley, or sidewalk, or for dirt to be piled thereupon, or such street, alley, sidewalk, or other public property to be obstructed for a period of more than eight hours, such eight hours being the hours between 8:00 a.m. and 4:00 p.m., then in such event, as a condition to the issuance of such permit, the City Engineer shall require the person seeking the permit to have liability insurance covering injury to person or persons of not less than $100,000 for each person, nor more than $200,000 each accident and property damage of not less than $10,000 for each person or $20,000 each accident, and to furnish contractual liability insurance in like sums protecting the city from liability for damages to person or property arising out of the excavation obstruction and use of the aforesaid streets, alleys, or public rights-of-way and for public easements.
(‘68 Code, § 32-54) (Ord. 1055, passed 7-3-61)  Penalty, see § 10.99