§ 12.24.150. Surety bonds or deposits.

A.

In addition to the permit fees required by Section 12.24.120, any person, except city departments, intending to do any work in, on, over, or under any street, shall deposit with the engineer a cash deposit or permit bond equal to 100 percent of the engineer's estimate of the cost of the work to be done. The bond or deposit shall guarantee payment of the following costs:

1.

Inspection and supervision of the work by the engineer;

2.

Refilling any excavation, tunnel or bore;

3.

Removing any obstruction or temporary driveway;

4.

Restoring a street surface to as safe, usable, durable and good condition as existed prior to the commencement of the work;

5.

Any other act or work of the engineer incidental thereto.

B.

Where a permit bond is filed, it shall be made payable to the city, executed by the permittee and by a surety company conditioned that if such person fails to pay the bill for the reasonable cost and expense of the work done and performed by the engineer pursuant to the provisions of this chapter, then the surety will pay the same to the amount of the bond. Such bond and the surety thereon must receive the approval of the city attorney and the city clerk before it shall be accepted by the engineer.

C.

Immediately upon the reduction of the obligation of such surety by payments made thereon, such bond shall be renewed and at all times maintained in the full amount herein required.

D.

Public utilities operating under the jurisdiction of the Public Utilities Commission of the state are exempt from the requirements of this section.

(Ord. 5041 § 4, 1971: Ord. 4752 § 1, 1966; Ord. 3461 § 1, 1939: Ord. 3387 § 10, 1937)