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0127 Surety Bonds 1973ORDINANCE NO. 127 AN ORDINANCE OF THE CITY OF CHUBBUCK, IDAHO, REQUIRING ALL INDIVIDUALS, PERSONS, FIRMS OR CORPORATIONS PARTICIPATING IN ANY CONSTRUCTION, DEMOLITION, CLEARANCE, EXCAVATION, MAINTENANCE OR REPAIR PROJECT ON OR IN ANY PUBLIC STREET, ALLEY, SIDEWALK, CURB, GUTTER, LAND, BUILDING, FACILITY OR OTHER PUBLIC PLACE, INCLUDING PROPERTY SUBJECT TO AN EASEmeNT HELD BY THE CITY OF CHUBBUCK, TO DEPOSIT WITH THE CITY CLERK A SURETY BOND IN THE SUM OF TEN THOUSAND DOLLARS ($10,000.00), OR A CORPOP~TE PERFORMANCE BOND IN THE CASE OF A PUBLIC UTILITY DIRECTLY REGULATED BY A FEDERAL OR STATE PUBLIC UTILITIES CO~@~ISSION; SPECIFYING THE OBLIGATIONS WHICH SUCH BONDS MUST IMPOSE; REQUIRING EVERY SUCH INDIVIDUAL, PERSON, FIRM OR CORPORATION TO DISCLOSE TO THE CITY CLERK, AT THE TIME OF FILING THE SURETY OR CORPORATE PERFORMANCE BOND, THE NATURE AND EXTENT OF LIABILITY INSURANCE IN FORCE TO PROTECT OTHER PRIVATE PARTIES AFFECTED BY THE PROJECT IN QUESTION; 5~AKING A VIOLATION OF THE FOREGOING SECTIONS A MISDEmeANOR; DISPENSING WITH THE RULE REQUIRING ORDINANCES TO BE READ ON THREE SEPARATE DAYS, AND PROVIDING THAT THIS ORDINANCE SHALL BECOME EFFECTIVE UPON ITS APPROVAL AND PUBLICATION AS PROVIDED BY LAW. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO: ~ ~ 0 ~ o Z ~c ~ ~ 7 o SECTION 1: That all individuals, persons, firms or corporations participating in any construction, demolition, clear- ance, excavation, maintenance or repair project on or in any public street, alley, sidewalk, curb, gutter, land, building, facility or other public place, including property subject to an easement held by the City of Chubbuck, shall deposit with the City Clerk, prior to commencing work on the project, a surety bond in the sum of ten thousand dollars ($10,000.00), or a corporate performance bond in the case of a public utility directly regulated by a federal or state public utilities commission. SECTION 2: That the obligations of such bonds must include the requirement that the individuals, persons, firms or corporations participating in the project in question shall comply with the provisions of all ordinances of the City of Chubbuck, that the surety issuing such bond or the corporate performance bond will '~hold the City of Chubbuck free and harmless by reason of any damages that may be assessed against the city and any of its officers or employees by reason of any work performed by the insured party on the project in question, and that the surety issuing such bond or the corporate performance bond will pay all fines, forfeitures and penalties assessed against the insured party. SECTION 3: That all individuals, persons, firms or corporations participating in any project as provided above shall disclose to the City Clerk, at the time of filing the surety or corporate performance bond, the nature and extent of liability insurance in force to protect other private parties affected by the project in question. SECTION 4: Violation of any of the foregoing sections shall be unlawful and punishable as a misdemeanor. SECTION 5: The rule requiring ordinances to be read lion three separate days is hereby dispensed with, and this ordinance shall become effective upon its approval and publication as pro- vided by law. PASSED BY THE MAYOR AND COUNCIL of the City of Chubbuck, Idaho, this 9 %h day of October, 1973. ATTEST: City Clerk -2-