§ 15-33. Right of applicant to make general deposit or bond

Latest version.

(a) In lieu of making the special deposit required by section 15-32, the applicant may make and maintain with the city engineer a general deposit in an amount estimated by the city engineer to be sufficient to pay for the cost of permit issuance fees and expected repairs occasioned by future excavations or obstructions, but not to exceed five hundred dollars ($500.00).

(b) In lieu of the special deposit required by section 15-32 or of making the general deposit as provided for in subsection (a) of this section, the applicant may, with the approval of the city engineer, furnish a surety bond conforming in all respects to the requirements for surety bonds set forth in subsection (b) of section 15-32, except that the condition of such bond shall be that the applicant will pay to the city, upon demand, all fees, costs or charges incurred by or due the city under the provisions of this chapter.

(Code 1960, § 7209; Ord. No. 80-2, § 2, 2-4-80)

                    
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