The city engineer shall require, as a condition to the issuance of any permit pursuant to this chapter, that the applicant, prior to the issuance of the permit, deposit with the city treasurer, as security for the payment of fees specified in Section
10.36.060, a sum of money to be fixed by the city engineer. Such deposit shall be based upon the estimated fees which will become due during the first month of the permittee's use of restricted streets pursuant to the permit. Upon completion or termination of the use permitted by the permit, the deposit shall be applied to the sum due from the permittee for the previous month's operation or use and any excess shall be returned to the permittee by the city treasurer. In the event the amount of the deposit is less than the amount due from the permittee for the last month of his or her operation or use of restricted streets as computed pursuant to Section
10.36.060, the permittee shall pay such deficiency on or before the tenth day of the first month after the permittee ceases to use the restricted streets as authorized by the permit. The amount of the deposit under this section shall be returned to the applicant if, prior to the commencement of any use pursuant to such application, the applicant notifies the city engineer in writing of his or her intention to engage in the permitted use and demands the return of deposit. In such event, the city engineer shall cause the deposit to be returned to the applicant and the permit shall thereupon become null and void.
(Ord. 1210 § 1, 1974)