(A) Any person performing any work as described in § 152.15 and pursuant to a permit from the city shall also agree to indemnify the city and any other party interested in such work or its performance against all claims, demands, actions, judgments, losses and expenses which may arise from any injuries to persons or damage to any property resulting from such work in the street or any public place.
(B) Every applicant (other than private or public utilities) for a permit shall post a performance bond in the amount of $2,000 with the Clerk-Treasurer, which bond will remain with the city until the completion and acceptance of the work performed and posting of a maintenance bond as set out in this section.
(C) The performance bond shall be canceled only after the completion of the work, inspection and approval by the Utilities Superintendent of the city and the posting of a maintenance bond in the amount hereafter set out. Such approval shall be based on the requirement that the public property disturbed be replaced in as good or better condition than was its condition prior to the beginning of the work, and upon the further requirement that the work shall be in conformance with the stated conditions of the work permit. If the public property has not been restored to a condition as good or better than it had existed prior to the beginning of the work, the city may call upon the bonding company to perform the work.
(D) The maintenance bond required under this chapter shall be in the amount of $2,000 plus 10% of the cost of construction under the permit, to the extent construction costs exceed $2,000. The maintenance bond shall be posted with the City Clerk-Treasurer and shall be for a period of one year from the date of posting. One year after the date of posting, the maintenance bond shall be canceled.
(E) Any person who commences any of the work covered in § 152.15 prior to the time application for a permit is made to the Utilities Superintendent shall be charged an application fee double that which would otherwise be required, and is required to post a bond in double the amount that would otherwise be required. This provision is without prejudice to the right of the City Council to seek any other available remedy for violation of this chapter.
(Prior Code, § 54-32)