(a) An SESC permit shall not be issued for earth change involving the movement of more than 1,000 cubic yards of soil unless the permittee first posts with the City a bond executed by the owner and a corporate surety with authority to do business in the State as a surety.
(b) The bond shall be in a form approved by the City Attorney and in the amount of the estimated total cost of the work authorized by the permit. The City Engineer may waive all or part of the amount to the extent that it is determined that the hazard or danger created by the work does not justify the full amount.
(c) The total amount of bond requirements shall be determined by the City Engineer. In lieu of a surety bond, the applicant may file with the City a cash bond approved by the City Attorney in the amount equal to that which would be required for the surety bond.
(d) Every bond shall include, and every cash deposit shall be made on, the conditions that the permittee shall comply with this chapter and with all of the terms and conditions of the SESC permit to the satisfaction of the City Engineer, and that the work contemplated under the SESC permit shall be completed within the time limit specified in the SESC permit, or if no time limit is so specified, within 100 days after the date of issuance of the SESC permit. Cancellation of the bond will require a certification by the City Engineer that the work has been satisfactorily completed.
(Ord. 338. Passed 3-25-81; Ord. 926. Passed 2-16-11.)