The cash deposit, surety bond or irrevocable letter of credit mentioned in the form of agreement set forth in Section 12.04.080 shall be equal to an amount determined in accordance with an amount schedule of costs established by the city engineer. This schedule will be based upon current cost index plus administrative costs. The fees for such administrative costs shall be those which the city council may from time to time adopt and approve by resolution.
(Ord. 79-10-830 § 8: Ord. 73-11-712 § 2 (part): prior code § 12.08.090)