All applicants for a permit required by Section 1020.01 shall deposit with the City Treasurer the following applicable fee:
(A) Not less than fifty dollars ($50.00) to cover the cost of repairing and replacing the surface of an unimproved street or public ground; or
(B) Not less than one hundred dollars ($100.00) to cover the cost of repairing and relaying the pavement of an improved street or public ground.
An additional deposit may be required by the City Engineer if, in his opinion, the amount required herein is insufficient. Any amount so deposited shall be applied to the actual cost of restoring the pavement or surface of such street. In the event that the actual cost of restoring the pavement or surface exceeds the amount of the deposit, when the applicant shall pay to the Treasurer the excess cost within ten days after being notified thereof.
(Ord. 157-56. Passed 10-22-56.)