(a) All persons other than public utility companies desiring to open a street shall furnish a properly executed corporate surety bond.
(b) All other persons, including contractors performing work for City corporate authorities, desiring to open a street shall furnish a properly executed corporate surety bond. Such bond shall be executed by a reputable surety company licensed to do business in the Commonwealth of Pennsylvania. All bonds obtained by contractors performing work under contract with City corporate authorities shall be countersigned by the director or chairman of the authority.
(c) The bond shall cover street opening work performed during one calendar year. The bond shall be in effect for a thirty-six month period in accordance with Section 905.16. The amount of the surety bond shall be five thousand dollars ($5,000) unless any street excavation and restoration work for a single project exceeds such amount. In this case, a person shall secure additional bonding in an amount equal to the difference between the five thousand dollars ($5,000) and the amount of the proposed restoration based on an amount per square yard set by Council resolution.
(Ord. 37-2005. Passed 9-20-05.)