Angels Camp Municipal Code Art. III Deposits and Bonds

Unless this article is waived in the permit and before a permit is effective, an applicant shall deposit with the road commissioner or agent authorized by resolution of the city council cash or a certified or cashier’s check, in a sum to be fixed by the road commissioner as sufficient to reimburse the city for costs of restoring the right-of-way to its former condition, based on the schedules, if any, adopted by resolution of the city council; provided, however, that an applicant may file a cash deposit on an annual basis in a sum estimated by the road commissioner as sufficient to cover his activities during any twelve-month period.

(Ord. 168 § 40, 1967)

In lieu of the cash deposit prescribed by Section 12.12.190, the applicant may, upon approval by the road commissioner, file a cash deposit the minimum sum established by the schedule, if any, adopted for that purpose by the city council and in effect at the time of application for a permit, and the balance of the sum fixed by the road commissioner as sufficient to reimburse the city expenses incurred in restoring the right-of-way to its former condition may be filed in the form of an approved surety bond issued by a company authorized to do a general surety business in the state of California.

(Ord. 168 § 41, 1967)

In lieu of a cash deposit, the applicant may, upon approval by the road commissioner, annually file with the road commissioner an approved surety bond issued by a company authorized to do a general surety business in the state of California, in a sum fixed by the road commissioner as sufficient to reimburse the city for expenses to be incurred in restoring the right-of-way to its former condition, subject to the schedules, if any, adopted by resolution of the city council.

(Ord. 108 § 42, 1967)

The road commissioner may require an additional bond or cash deposit at any time that evidence indicates that the amount of the bond or cash deposit previously made is insufficient to cover the cost of restoring the right-of-way to its former condition, subject to the schedules, if any, adopted by resolution of the city council.

(Ord. 168 § 43, 1967)

The condition of any bond or cash deposit made pursuant to this article shall be that the permittee will diligently and in good faith comply with all the terms of this chapter and the terms and conditions of the permit.

(Ord. 168 § 44, 1967)

Any bond or cash deposit required by the road commissioner pursuant to this article shall be payable to the city and shall be filed with the road commissioner. Upon satisfactory completion of all work authorized in the permit, and fulfillment of all conditions of the permit, the city council will release the bond, or cash deposit, upon the expiration of ninety days.

(Ord. 168 § 45, 1967)

Cash deposits or bonds will not be required of any public utility which is authorized by law to establish or maintain any works or facilities in, under or over any public street or right-of-way.

(Ord. 168 § 46, 1967)