13.12.060 - ANNUAL OR PROJECT SECURITY ALLOWED.
At the option of the applicant, the security provided may either: A. Cover only the work for which the permit is required, in the amount of 150% of the estimated cost of the work initially, and 25% during the guarantee period; or B. Be an annual bond or equivalent, covering all work conducted by one person or company within the city during any calendar year, in the amount of $5,000, and $1,250 for guarantee periods only. [Ord. 9157 6, 1983]
