Before any permit is issued for any work in
the public right-of-way of any street, certain performance sureties
are to be posted with the City Clerk.
A. A certified check (or other form of deposit satisfactory
to the City Clerk) drawn in favor of the City of Linwood for 100%
of the total estimated construction costs shall be posted with the
City Clerk. The estimated costs of the proposed work shall be based
upon the current market values, and said amount shall be prepared
by the applicant and approved by the City Engineer.
B. The City may reduce the amount of the performance
surety to be posted.