Before any permit is issued, the applicant shall deposit with the City Manager an insurance policy issued by a company authorized to write insurance in the State, designating the City as the insured therein, by the terms of which the City is saved harmless from any and all claims for bodily injury and death within the limits of one hundred thousand dollars ($100,000) for each person and three hundred thousand dollars ($300,000) for each accident and for property damage claims in the amount of ten thousand dollars ($10,000) for each accident arising or growing out of the street opening or removal of the surface of any sidewalk or opening in any sidewalk or the prosecution of the work for which the permit is obtained or in any manner arising or growing out of the work necessary or incident to the issuance of the permit or that may be occasioned by reason of any opening or anything else done pursuant to the permit. (Ord. 1996-71. Passed 8-27-96.)