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Subd. 2. Application. Application for a permit is made to <br /> thel director. <br /> <br /> Subd. 3. Issuance of permit. If the director determines that <br />the! applicant has satisfied the requirements of this ordinance the <br />director may issue a permit to the company. An applicant may <br />contest a permit denial or the conditions of approval by written <br />notice to ~he~c~e~mk requesting a city council review within <br />fourt'~'"~4') days of the director's action. The Council shall <br />hear any contest of the director's actions under this ordinance <br />within forty-five (45) days of thec~' rb's receipt of the <br />contest notice. Nothing in this ordinance/precludes the city from <br />requiring a franchise agreement with the ~plicant, as allowed by <br />law, in addition to the issuance of a pe~i~ set forth herein. <br /> Subd. 4. Permit fee. The application must be accompanied by <br />the permit fee set by the city council by resolution.~ <br /> <br /> ~ Subd. 5. Security for completion of work. Prior to <br />commencement of work, the company must deposit with the city <br />security 'in the form of certified check, letter of credit or <br />construction bond, in a sufficient amount as determined by the <br />director for the completion of the work. The securities will be <br />held until the work is completed plus a period of ~ months <br />thereafter to guarantee that restoration work has been <br />satisfactorily completed. Upon application of the company, <br />providing such information as the director may require, if two or <br />more work projects are to be constructed during a calendar year, <br />the director may accept, in lieu of separate security for each <br />project, a single security for multiple projects in such form and <br />amount as determined, in the discretion of the director, tO be <br />sufficient to assure completion of all projects which may be in <br />progress at any one time during that calendar year and to guaranty <br />that restoration work will be satisfactorily completed. The <br />security will then be returned to the company with interest if <br />required by law and then interest at the applicable statutory <br />rate.~ <br /> <br /> Subd. 6. .Inspection of work When the work is completed the <br />company must request an inspection by the director. The director <br />will determine if the work has been satisfactorily completed and <br />Provide the company with a written report of the inspection and <br />approval. <br /> <br /> ~ Many cities set p~e~fmit and license fe~s annually by resolution. If this <br />is not done, the actual fee s~ould be inserted h~re. The amount of the fee should <br />not exceed the amount reasonabl~ expected to cover ~ll city costs of administration', <br />inspection and enforcement. ~ ".~.~. ~ <br /> <br /> ~ The rate of interes~x~c, ould be the statu'~'ory rate of % or some <br />recognized rate such as prime or a T-bill rate. "~, <br /> <br /> U160-17 2 <br /> <br /> <br />