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requirements and conditions as set forth in this article. • Section 25-30.1 Application and permit fee; indemnification (a) Application for a permit under this article shall be made on a form prescribed by the director of public works. The application shall state the place where the work is to be performed; the purpose and nature of the work; the dimensions of the work, including the depth of the excavation; the amount of pavement or improved surface, in linear feet, which will be broken or cut; the time at which the work is to be commenced and the time at which it is to be completed; and such other information as may be required by the director of public works. (b) The applicant shall submit with each application a permit and inspection fee in the amount of twenty-five dollars ($25.00) for the first one hundred linear feet, or fraction thereof, of each cut, plus five dollars ($5.00) for each additional one hundred linear feet, or fraction thereof, in excess of one hundred linear feet. (c) The applicant for a permit shall agree to indemnify and save harmless the City, its citizens, residents and property owners against any and all loss by reason of failure to comply with the requirements of this article and the applicable standards, and from neglect or carelessness in performance of the • work. Section 25-30.2. Bond required. (a) Prior to the issuance of a permit, the director of public works shall require the applicant to submit a performance bond with an acceptable surety, an irrevocable letter of credit, or other type of financial guaranty, payable to the City of Charlottesville, and approved by the city attorney. The bond, letter of credit or other guaranty shall be conditioned upon the restoration of the public way in accordance with the standards adopted by the director of public works, and upon compliance with the application and the requirements of this article. (b) If it appears that the applicant will in the future be making pavement cuts in multiple locations within the City, the guaranty may be continuing in nature and shall be in the minimum amount of five thousand dollars ($5,000.00). If the applicant will be making an excavation at only a single location within the City, the guaranty shall be in an amount, determined by the director of public works, as will enable the City to restore the public way properly if the applicant fails to do so. (c) Any guaranty for work at a single location shall be released by the city attorney one year after the date of • completion of the work in question, if the director of public works certifies that the work has been completed and all - 2 -