§ 7-2.42. Posting of Bond.

If it has been finally determined that the permittee has failed to comply with the provisions hereof or the conditions of any permit, the Director may refuse to grant and may withhold issuance of any subsequent permits to permittee until the latter has paid all costs due City for prior permits and has posted with the City a cash bond in the sum of five thousand dollars ($5,000.00), which bond or any part thereof shall be used as follows:

(a)

To pay the actual cost of work completed by the Director in connection with any permit issued, including overhead costs;

(b)

To pay the actual cost of work done by the Director to repair or restore any public improvements damaged or destroyed by permittee during the course of any operations performed under any permit, including overhead costs;

(c)

To pay the actual cost of all lighted barricades placed on or about the permittee's work, including overhead costs, and the costs of the furnishing by City of any other safety barricades or warnings in connection with any permit issued.

(Added by Ord. 3196-C.S., § 2, effective 2-1-01)