§ 62-3. Bond; permit fee.  


Latest version.
  • (a)

    Bond. Before a permit is issued under this article, the applicant shall be required to a tender a $100,000.00 cash bond to the city, the purpose of which is to protect the city from any damages to traffic signs/markers, roads, bridges, drainage facilities, and rights-of-way owned by the city caused by permittee's operations. In the event the city, at its sole and exclusive option, determines that any repairs to the roads, bridges, drainage facilities, and rights-of-way are required as a result of applicant's operations, the city shall make such repairs and deduct the cost thereof from the cash bond amount without further notice to permittee. The city shall provide permittee a monthly accounting of all repairs and deductions made to the cash bond, which accounting shall be made only if a deduction has been made for which no prior accounting has been tendered. Upon expiration of one year from the effective date of the permit, the city shall refund any balance of the cash bond to permittee, upon written application for same. Should the costs to repair or replace damaged property exceed the amount of the cash bond, permittee shall reimburse the city for such costs within 30 days of the receipt of invoice. Costs not timely paid shall accrue interest at the rate of one percent per month.

    (b)

    Permit fee. The nonrefundable permit fee is $100.00 per linear mile or portion thereof of seismic testing, which fee must be paid prior to the issuance of a permit.

(Ord. No. 12,526, § 1, 4-10-14)