In addition to the public liability insurance coverage required by section 8-5-4 of this chapter, the applicant shall deposit with the City Clerk cash in an amount equal to twenty five percent (25%) of the cost of the project, or an amount to be determined by the Director of Public Works, whichever is greater, for which the permit is being sought, if the pavement is to be broken. The minimum deposit shall be five hundred dollars ($500.00). The purpose of this deposit is to insure the proper restoration of the pavement. From this deposit shall be deducted the cost and expense to the City of restoring the pavement, and the balance thereof shall be returned to the applicant without interest after the tunnel or excavation is completely refilled and the pavement is restored.
(1987 Code § 21-36)