The applicant for a permit required by Section 1337.02 shall post with the Director of Finance either cash money or a bond, approved by the Director of Law as to form and executed by the applicant as principal and by a compensated surety company as surety, in an amount, estimated by the Director of Engineering, equal to the actual cost of carrying out the action proposed to be taken by the applicant, in accordance with the plans and profiles as approved by the Director. The estimate of cost by the Director of Engineering shall be conclusive. Such cash or bond shall be returned to the applicant by the Director of Finance upon receipt from the Director of Engineering of a certificate stating that the work done or action taken under such permit has been done or taken in accordance with the plans and profiles.
(Ord. 1959-85. Passed 12-17-59.)