In lieu of a bond performance or assurance required for each permit issued, under
the performance/assurance bond section of this article, the applicant may maintain
a one-time bond of performance or assurance with the director for the sum of one hundred
thousand dollars ($100,000,00) for the purposes specified in section 28-267, and shall
have on file, in the city secretary's office, an approved bond of performance or assurance
in the like amount, being then in full force and effect, against which claims shall
not have been presented aggregating more than one hundred thousand dollars ($100,000,00);
provided, further, that section 28-269 shall apply to applications for permits to
make cuts, openings or excavations in any street, plaza or other public place paved
under contract with the city, unless the contract of maintenance and the maintenance
bond thereof shall have expired. The bond shall be maintained until the applicant
is no longer working in or on city streets.
(Ord. No. 2009-O-045, 4-6-09)
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