Prior to the issuance of a permit pursuant to §
430-2, the applicant shall deposit a sum of money in cash or certified check in an amount as the Commissioner determines may be necessary to cover the probable expense to the Town of the repair or replacement, by the Town or a contractor engaged by the Town for that purpose, of the street, highway, sidewalk or public place to which the permit applies, to the same condition as existed prior to the commencement of work by the permittee. Such deposits shall be computed in accordance with a schedule published by the Commissioner. The applicant may furnish a surety bond to guarantee said replacement in an amount not to exceed 80% of the total replacement deposit. The remaining 20% must be in the form of cash or certified check. The form, manner of execution and sufficiency of the bond must be approved by the Town Attorney. In no case shall the amount of the deposit or face value of the bond be less than $5,000.
If it becomes necessary to make an excavation
under emergency conditions, including but not limited to gas leaks,
water leaks and power or communication line failures, it may be done
forthwith, provided that the Police Department is immediately notified,
and provided that within 24 hours of the time of making such opening
(excluding Saturdays, Sundays and holidays) proper application for
a permit is made.