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No permit shall be issued by the Director of Public Services for doing or performing any of the acts or work referred to in Section 901.01 until the applicant therefor shall have complied with the following requirements:
(a) Application. File an appropriate application with the Director of Public Services for permission to do work or perform the acts referred to in Section 901.01 which in addition to such other information as the Director of Public Services shall request shall contain:
(1) The area where the work or acts are to be performed;
(2) The name and address of the owner;
(3) The name of the person who will be doing the work or performing the acts.
(b) Insurance Policy. Deposit with the City a public liability insurance policy insuring the City as well as the person doing the work against any loss or damage to persons or property resulting from the acts or work being done, the policy having limits of liability in the amount of five thousand dollars ($5,000) per person; ten thousand dollars ($10,000) per accident for bodily injury and five thousand dollars ($5,000) for property damage, and being in a form acceptable to the Director of Law. The insurance policy shall be in force when the work or acts are commenced and shall remain continuously in force while the work or acts are being done and for a period of eight months thereafter.
(c) Permit Fee. Pay a permit fee of ten dollars ($10.00) for any one of the various acts or work projects for which permission of the Director of Public Services is being requested.
(d) Deposits. Make the following deposits in connection with the various types of work or acts for which a permit application has been filed:
(1) Three hundred fifty dollars ($350.00) with each application for permission to open any dedicated but unpaved street in the City.
(2) Five hundred dollars ($500.00) with each application for permission to open any dedicated and paved street if the opening is to be made in the paved portion thereof.
These deposits may be held and used by the City to cover the cost of maintaining, reconditioning and repaving that portion of the dedicated street which may have been disturbed when the opening was made, or to reimburse the City for any other expenditure in connection with the opening.