(A) Except as otherwise provided herein, no permit shall be granted under this subchapter unless the applicant shall have on file in the office of the City Clerk a bond in the penal sum of $1,000, in form and with surety approved by the City Council. It is particularly and especially provided that such bonds executed shall, in addition to the specific terms and conditions thereof, include and be construed as undertaking that the principal will faithfully perform each and every duty required of him or her under state laws, city ordinances and the rules, regulations and specifications of the City Council; shall properly complete all work within the time specified in any permit issued to him or her; shall pay all fines imposed on him or her on account of any act or omission growing out of or in connection with the work for which such permit was issued; shall pay all costs and expense of completing any work not properly completed by him or her within the time limit of his or her permit and all items charged against him or her on account thereof; shall refill all trenches and excavations made under any permit issued to him or her as provided in this subchapter to the approval of the Director of Public Works/City Engineer; shall restore the street, pavement, sidewalk, parking, terrace or other portion of any public place properly and as provided in this subchapter and to as good condition as before starting the work; and shall maintain all refills and restorations made by him or her for a period of four years. If any trench, excavation or restoration settles, sinks or causes any irregularity in the surface of the street, avenue, alley or public place within a period of four years, he or she will immediately remedy such condition as directed by the Director of Public Works/City Engineer. If he or she fails to do the work within five days after notice thereof is given to or served on him or her or the surety on such bond, the Director of Public Works/City Engineer shall cause the work to be done and such principal will pay the cost and expense thereof.
(B) Such bond will continue in force until the completion of all work covered or contemplated in any permit issued while it is in effect.
(C) This bond requirement shall not apply to repairs being made at a residence by its owner or co-owner who is not using the services of a licensed contractor to perform the work.
(D) Licensed contractors may fulfill the bonding requirements of this section on individual residential projects of not more than $10,000 gross cost, to be performed by that contractor within the city limits by providing evidence to the City Clerk of a bond from an approved surety providing coverage for the particular calendar year during which all work will be completed.
(2013 Code, § 26-25) (Ord. 24, passed 8-14-1950; Ord. 14777, passed 11-14-2005; Ord. 14928, passed 11-11-2013)