Prior to obtaining the permit required in Section 1020.01, no public utility, contractor or other person shall fail to:
   (a)   Provide a policy of indemnity insurance in such amount as may be reasonably established by the Service Director of the City, saving the City harmless from any damage or claim of damage to persons or property arising from such work;
   (b)   Provide a bond guaranteeing that the work shall be done to the full satisfaction of the City (represented by the Director and the City Engineer) and that the area affected by the work shall be restored, as nearly as possible, to its original condition and such condition maintained at the cost of the permit holder, for a period of one year after the completion of the work, provided that such bond may be released at an earlier period if, in the written opinion of the Director and the Engineer, such release is warranted. The amount of such bond shall be commensurate with the extent of the work and shall be as deemed by the Director and the Engineer, but in no case shall the amount of such bond be less than five hundred dollars ($500.00) for any one project.
   (c)   Parties who, because of their operations, find it necessary to enter City streets, roadways, alleys or public grounds for construction purposes at recurring intervals, shall be permitted to furnish a blanket impressed bond with the same conditions as set forth in subsection (b) hereof. The amount of such bond shall be as deemed necessary by the Director and the Engineer, but in no event shall it be less than an impressed amount of two thousand five hundred dollars ($2,500), provided that any project of an extensive nature shall be covered by a specific bond, subject to the discretion and approval of the Director and the Engineer as to the amount and conditions.
(Ord.77-0-7. Passed 2-22-77.)