§ 13-206. BONDS.

(a)

No permit shall be issued for making any excavation, or for doing any work described in Section 13-202 hereof, which requires a permit, until the applicant has filed a corporate faithful performance or license bond in the sum designated in the Master Fee Resolution, approved by the City Attorney and filed with the City of Fresno.

(b)

A permit applicant shall have on file one or more bonds, which equal 100% of the estimated cost of the proposed work.

(c)

The bonds shall provide that in the event the excavations or work done under street work permits issued therefor shall fully comply with the provisions of this article, then said obligation shall be void; but in the event the principal shall fail to faithfully comply with any of the provisions of this article then the City may direct the work to be done in accordance with the provisions of this article and the cost and expense of such work and, in the event of suit on the bond, attorney's fees and court costs shall be collectible from the principal and the surety or sureties on said bond.

(d)

All bonds required by this section shall be for a period of not less than one year, except if a corporate faithful performance bond is filed by a public utility, it shall be effective until revoked. No bond shall be canceled except on thirty days' written notice to the Director.

(e)

The Director may waive the requirements of this section providing that satisfactory evidence is produced that the applicant has filed a valid performance bond with the Fresno Metropolitan Flood Control District, which bond shall have the same conditions and shall be in the minimum amount required by this section.

(f)

Whenever the excavation or work is to be done in connection with the initial installation of subdivision improvements under a subdivision agreement guaranteed by a bond or other improvement security, the bond specified by this section shall not be required.

(Added Ord. 6667, 1965; Am. Ord. 80-132, § 10, eff. 10-3-80; Am. Ord. 98-19, § 2, eff. 5-22-98).