13.12.050 - SECURITY REQUIRED
A. Work may not be commenced under a street obstruction permit until the Director of Public Works is satisfied that it is covered by an adequate surety bond or other security sufficient to insure that if the work is not done properly or the existing street improvements are damaged, sufficient funds will be available to cure the deficiencies. B. A cash deposit, made to the City's Finance Director and held in the City's guaranty fund, or an assignment of an account in a local bank, or a similar security acceptable to the City Attorney, may be used in lieu of a surety bond. C. Security required by this section shall guarantee that: