In the event the applicant installs water main extension facilities, he shall furnish the City a surety company bond, certified check or cash deposit, in an amount equal to at least one-half the City's estimate of the installation costs, to guarantee faithful performance by the applicant, and a surety company bond, certified check or cash deposit in an equal amount to guarantee claims of persons employed by the applicant, and claims of persons who furnish materials, supplies and implements used by the applicant on such work.
(1960 code § 24.38; Ord. 2065 § 1(A), 2018)