(A) In the event that any permit required by this subchapter is for excavating in or under any street, parking area or sidewalk, no permit shall be granted until an application has been filed with the city and the Lead City Commission has approved the following:
(1) A surety bond in the sum of $5,000 or project cost, whichever is greater, for faithful performance of all duties required by the city and for repayment to the city for all damages growing out of the carelessness or negligence of the licensee; and
(2) A certificate of insurance showing that the applicant has in effect a statutory worker's compensation insurance policy including employer's liability coverage in the amount of $100,000 and a liability policy covering business operations including coverage for explosion, collapse and underground hazards commonly referred to as XCV coverage, and including coverage for owned and non-owned vehicles with limits of not less than $100,000 for each occurrence, and $100,000 for injury to or destruction of the property of others. The certificate shall contain a statement to the effect that the policy cannot be cancelled or substantially altered without ten days prior written notice to the city.
(B) The permit shall contain a statement and shall be issued only upon the express condition that the permittee shall refill the excavation in accordance with the instructions of the City Street Foreman and restore the pavement or surfacing, as the case may be, to its former condition and maintain it in the condition for a period of three years from the time of the completion of the work authorized by the permit.
(C) Work performed under municipal contracts is exempted from the requirements hereinafter set forth.
(Prior Code, § 18-503)