A deposit of one thousand dollars ($1,000) shall be made by the applicant to cover the cost, including Municipal engineering and inspection expenses incurred, to replace any pavement removed or to restore the street, alley, or roadway to its original condition. The deposit or a portion of the deposit will be returned to the permit holder no earlier than six months after determination of the completion of the work by the Municipal Engineers. In lieu of the cash deposit, any utility company may file with the Finance Director an approved performance bond for five thousand dollars ($5,000) covering any number of applications for street openings, and being conditioned that the utility company shall restore the street, alley, or roadway pavement to its original condition.
(1980 Code 95.11)