To obtain the permit required in Section 1024.01:
(a) Application. An applicant must file an application with the City Manager or his or her authorized representative, which, in addition to any information which may be requested, shall contain:
(1) The location where the work is to be performed;
(2) The name and address of the owner; and
(3) The name of the person doing the work.
(b) Deposit or Bond. An applicant must make an annual deposit or furnish an annual maintenance bond to cover both the cost of the work and the risk involved. If a deposit is made, the amount shall be based upon the estimated cost of work to be performed. However, the minimum amount of the deposit shall be one hundred dollars ($100.00) and be paid at the time the permit is received.
The deposit may be held and used by the Municipality to cover costs of maintaining, reconditioning and repaving. The portion of the deposit which is not used shall be returned to the permittee when the work is completed to the satisfaction of the Manager.
Utilities and holders of franchises with the City whose work can be expected to necessitate excavation shall post an insurance bond in lieu of a cash bond.
(c) Application Fee. An applicant must pay to the Municipality an application fee of ten dollars ($10.00).