Alameda County Municipal Code Art. III Bonds

All applicants must furnish a cash deposit, surety bond, certificate of deposit, letter of credit, passbook account or other equivalent financial instrument in an amount determined on a case-by-case basis by the director to be sufficient to reimburse the county for those expenses that could be incurred in restoring the affected roadway to its former condition. This bond, deposit or other financial instrument shall remain in place pending close-out of the permit.

(Ord. 2000-33 § 1 (part))

The director may authorize the use of a standing annually-renewable surety bond in lieu of the cash deposit/permit bond described in Section 12.08.300.

(Ord. 2000-33 § 1 (part))

The condition of any deposit, bond or other financial instrument furnished to the county shall be that the permittee will diligently and with good faith comply with the requirements of this chapter and shall perform all work in accordance with the terms and conditions of the permit, including being responsible for the restoration of the roadway pursuant to the terms and conditions of the permit.

(Ord. 2000-33 § 1 (part))

The director shall prepare, and make available to each applicant, specific requirements, conditions and limitations for each type of deposit, bond and instrument described in this article.

(Ord. 2000-33 § 1 (part))