No excavation permit shall be issued until:
   (a)   The applicant has deposited with the Director of Engineering a deposit as determined by a schedule recommended by the Director and approved by Council, in cash as a guarantee that any such opening or excavation will be promptly and properly restored; the applicant agrees that any damage created to any road, street, sidewalk, treelawn or other public property will be promptly and properly repaired in accordance with the Engineering Department standards.  Additionally, the applicant agrees that so long as the excavation is permitted to exist, it shall be properly guarded by suitable lights, signs and barricades in accordance with provisions of the Ohio Manual of Uniform Traffic Control Devices; and
   (b)   The applicant has deposited a policy of liability or indemnity insurance, issued by a company licensed to do business in the State, recognizing the City as an insured, in a total amount of not less than one hundred thousand dollars/three hundred thousand dollars ($100,000/$300,000) for any personal injury and fifty thousand dollars ($50,000) for any property damage caused as a result or consequence of the making or existence of such opening or excavation or the condition of the road, street, sidewalk, tree lawn or other public property in which the same is or has been made.  However, such policy shall not be required from any State public utility company operating in the City pursuant to a franchise wherein such company as a self-insurer agrees to indemnify the City against such personal injury and property damage.
      (Ord. 1988-258.  Passed 5-18-89.)