905.03 BOND; CHARGES; EXCEPTION; RETURN.
   (a)    Bond. No excavation permit shall be issued until the applicant has deposited with the Director of Budget and Finance a bond in the amount of the cost of repairs to the City street and facilities as estimated by the Deputy Service Director/Superintendent of Engineering. The bond shall be in the form of a certified check or money order payable to the City, or a permit bond issued by an approved surety company licensed in the State. The purpose of the required bond is to specifically insure that all excavations are restored in accordance with the current standards, drawings and specifications on file with the Deputy Service Director/Superintendent of Engineering. The minimum bond amount shall be one thousand dollars ($1000.00); a permit bond in the amount of ten thousand dollars ($10,000) shall be deemed adequate for concurrent excavations for utility connections or similar type work at five or less locations.
(Ord. 2016-31. Passed 4-20-16.)
   (b)   Charges. The costs incurred by the City, as defined in Section 905.19 , for any repair made by the City for work the permittee fails to perform or properly perform shall be deducted from the bond on deposit with the Director.
   The Deputy Service Director/Superintendent of Engineering shall notify the permittee that defective workmanship by the permittee has caused the City to make the specified repairs and the cost thereof has been deducted from the bond posted by the permittee. The Deputy Service Director/Superintendent of Engineering shall notify the permittee of any additional amount that must be deposited with the City to cover the cost of City made repairs above the amount of the bond and to maintain the bond in its full amount. Complete compliance with the bond deposit requirement set forth herein is a condition precedent to the issuance of either the initial or a subsequent street opening or excavation permit. (Ord. 2002-106. Passed 11-2-02)
   (c)   Exception. Any homeowner performing work within the public right of way adjacent to the property at which he/she resides shall be exempt from the bonding requirements of subsection (a) hereof. Any costs incurred by the City as defined in Section 905.19 resulting from work performed by a homeowner exempt from bonding shall be billed to the property owner and shall be collected pursuant to Ohio R.C. Chapter 727.
   (d)   Bond Return. All work shall be approved by the City Inspector before a refund of bond money may be made to a permittee. It shall be the responsibility of the permit holder to obtain required inspections and to request in writing the return of his/her bond. The permit holder may choose to keep the bond on file for use on concurrent or subsequent projects provided the bond amount is adequate to cover the repair costs for all permits issued.
(Ord. 1988-119. Passed 11-2-88.)