A copy of each contract shall be filed with the city clerk. At the time the contract is executed by the contractor, he/she if so required by the city, shall execute a surety company bond to the city conditioned upon the faithful performance of the contract and saving the city harmless for all losses or damage caused by any person or property by reason of any carelessness or negligence by the contractor and from all expenses of inspection, engineering and otherwise, caused by the delay in the completion of any improvement and further conditioned to pay all laborers, mechanics, subcontractors and material suppliers as well as all just debts and demands incurred in the performance of the work.
(Ord. No. 0-94-01, 2-21-94)