Before such permit may be issued an agreement shall be signed and filed with the public works director wherein the signatory shall agree with the city as follows:
A. That the signatory shall observe and conform with all of the applicable provisions of this chapter, and shall perform all work in strict accordance with this chapter and applicable ordinances of the city and laws of the state, and in conformity to the plans, profiles and specifications on file with and approved by the public works director and in accordance with such standards, terms and conditions mentioned in section 7-5-6 of this chapter and as may be determined and specified by the director of public works;
B. That such work shall be commenced and diligently prosecuted within sixty (60) days after issuance of such permit, and substantially completed within the time designated by the public works director in such permit, and that such work shall be forthwith terminated upon any revocation or suspension of the permit as provided in subsection 7-5-2H of this chapter;
C. To complete, repair or replace, and indemnify the city against any faulty or improper workmanship or materials, or damage to any adjacent public improvement that may be discovered during the performance of the work and for a term of one year after the completion of the work;
D. That the signator shall hold the city, its officers, agents and employees harmless from any and all liabilities, claims, suits, judgments, losses or expenses resulting from any claim or court action arising out of any accident, loss or damage to persons or property, or death alleged to arise from any work carried out pursuant to such permit or condition resulting from such work; and
E. Authorizing the city to deduct from any cash deposit, the amount of any expense incurred by the city, including a reasonable amount for overhead and supervision, in the completion of any work or the performance of any other act required of the signator, if the signator fails to properly and timely perform the same. (Ord. 555, 3-2-1976)