In addition to the labor and materials bond required by Civil Code Section 9550, et seq., a faithful performance bond shall be required for all public projects in excess of twenty-five thousand dollars ($25,000.00), unless waived by the city council, in an amount reasonably necessary to protect the best interests of the city. If bonds are required, the form and amount thereof shall be designated in the notice inviting bids.
(Ord. 567-21 Exhibit A, 2021)