The following bonds shall accompany an application for a permit hereunder; or in lieu thereof, an annual bond may be filed by any utility holding a franchise from the city:
A. Construction And Maintenance: In cases where the estimated cost of the project shall exceed two hundred dollars ($200.00) the city engineering department shall require a maintenance and construction bond to be filed with the application for a permit hereunder in an amount equal to the estimated cost of the project repairs and conditioned that such work shall be done in accordance with the city's standard specifications and guaranteeing the same for a period of one year.
In any case where a permittee hereunder shall be in default or shall fail to comply with the requirements of this chapter, the superintendent of public services shall order the completion of the work by the city and shall recover the cost from the permittee.
B. Indemnity: The city engineering department shall have the authority to require an applicant hereunder to file a bond conditioned to protect and save harmless the city from all claims for damages or injury to other persons by reason of such excavation work. (Ord. 584, 10-21-1975)