Sec. 20-2-16. Bonds and insurance performance security.

The city shall require a cash deposit or bond of all licensed contractors doing work which requires an encroachment permit. Such cash deposit or bond shall be in the amount noted in the fee schedule and shall be maintained in that amount so long as the contractor conducts the permitted operations within the city. A larger cash deposit or bond may be required by the director of public works when unusual conditions so necessitate. (Ord. No. 1201, § 2 (part).)