(A) At the time of obtaining a permit for the activities described in § 151.01, the applicant shall make a good faith estimate of the amount of money required to effectuate the restoration activities necessary to create a safe and sanitary condition at the excavation site. Thereafter, the Engineering Department of the city shall determine the sufficiency of the estimate and shall determine the amount of money necessary to provide for the restoration activities.
(B) Upon the determination of the amount of money necessary to provide for the restoration activities described in division (A) above, the applicant may either post the sum in cash with the city or obtain a bond in that amount satisfactory in form to the city, to insure the restoration activities are completed in accordance with the requirements of this chapter.
('69 Code, § 7A-3) (Ord. 576, passed 9-16-81; Am. Ord. 1191, passed 11-20-96)