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The application shall be considered as being officially submitted when all the information requirements are complied with. A fee for such application shall be paid to the City at the time the application is submitted based upon the follow- ing schedule: - 75 - 250 cubic yards removed $250.00 250 cubic yards removed $500.00 1502.040. TECHNICAL REPORTS. The Clerk shall immediately upon receipt of such application forward a copy thereof to the City Engineer and City Building Official. Where watersheds and shoreline are in question, the Metropolitan Watershed Management Organization shall also be contacted. These technical advisors shall be instructed by the Clerk to prepare reports for the Council and the Clerk shall state when such reports shall be in his hands for Council consideration. 1502.050. ISSUANCE OF PERMIT. Upon receiving information and reports from the Clerk, Building Official and Engineers, the Council shall make its determination as to whether, and when; and under what conditions such permit for an excavation is to be issued to the applicant by the Clerk. 1502.060. CONDITIONS OF PERMIT. The Council, as a prerequisite to the granting of a permit, or after a permit has been granted, may require the appli- cant to whom such permit is issued, or the owner or user of the property on which the excavation is located to: (a) properly fence the excavation; (b) slope the banks, and otherwise properly guard and keep the excavation in such condition as not to be dangerous from caving or sliding banks; (c) properly drain, fill in or level the excavation, after it has been .created, so as to make the same safe and healthful as the Council shall determine; (d) keep the excavation within the limits for which the particular permit is granted; and (e) remove excavated material from the excavation, away from the premises, upon and along such highways, streets or other public ways as the Council shall order and direct. 1502.070. BONDING. The Council may require either the applicant or the owner or user of. the property on which the excavation is occurring to post a bond in such form and'sum as the Council shall determine, with sufficient surety provided to the City, conditional to pay to the City the extraordinary cost and expense of repairing, from time to time, any highways, streets or other public ways where such repair work is made necessary by the special burden resulting from hauling and travel in transporting excavated material, the amount of such cost and expense to be determined by the City Engineer; and conditioned further to comply with all requirements of this Ordinance, and the particular permit, and to pay any expense the City may incur by reason of doing anything required to be done by any applicant to whom a permit is issued.