§ 15.10.540 — Security required

15.10.540 - Security required.

Within thirty days of the approval of provider's initial permit under this chapter, provider shall maintain and furnish to the city a security in favor of the city. "Security" means an executed performance bond acceptable to the city, for the purpose of protecting the city from the costs and expenses associated with provider's failure to comply with its material obligations under and throughout the time of provider's occupancy of public right-of-way, including but not limited to: 1. The city's restoration of the public right-of-way; 2. The city's removal of any of provider's attachments that are abandoned or not properly maintained or that need to be removed to protect public health, safety, welfare, or city property; 3. The city's recoupment of rental fees that have not been paid by provider in over twelve months, after provider receives reasonable notice from the city of any of the non-compliance listed above and opportunity to cure.

(Ord. No. 18717, § 1, 8-22-2017)