A. The bond required by section 14.32.070 of this chapter or its successor shall guarantee to the city that the permittee shall fully comply with the requirements of the permit, applicable city ordinances, and the regulations, specifications and standards promulgated by the city relative to work in the public way, and respond to the city in damages for failure to conform therewith.
B. The bond shall guarantee all of permittee's obligations of performance arising during the period beginning on the date the permit is issued, and ending on the date three (3) years after completion of the work to the satisfaction of the city.
C. The limitation of the duration of the bond to three (3) years shall not operate to limit obligations of the permittee which extend beyond, or arise after, such three (3) year period under the terms of the permit, applicable city ordinances, or the regulations, specifications and standards promulgated by the city. (Ord. 46-01 § 2, 2001: Ord. 70-99 § 1, 1999)