§ 800.05. Bond requirements.

Subdivision 1. Bond required. Permittees shall file with the Director a corporate surety bond approved by the City attorney as to form in the amount of $5,000.00 conditioned that the permittee will:

(a)

perform work in connection with the excavation in accordance with applicable ordinances and regulations;

(b)

indemnify and hold harmless the City from all damage caused in the execution of such work; and

(c)

pay any and all costs and damages suffered by the City by reason of the failure of the permittee to observe the terms of this section or because of negligence in the execution of the work.

Subd. 2. Exception: bond requirements. The bond prescribed by this subsection is not required of:

(i)

Licensed and bonded plumbers;

(ii)

Gas or heating contractors; or

(iii)

Public utility corporations.