(1) When requested by the owner of property and deemed by the Department of Streets to be in the best interest of the City, the Department is authorized to enter into a contract for the paving or repaving of the street in front of the property of such owner, under the following conditions:

(a) all such work shall be done at the sole cost of the owner of the property;

(b) all such work shall be done under the direction and supervision and to the satisfaction of the Department of Streets;

(c) all contracts for such work shall be prepared by the Law Department and shall contain the usual requirements of contracts for City paving;

(d) all contracts for such work shall require that a bond satisfactory to the Law Department first be filed by the paving contractor, guaranteeing to keep the paving in good repair for 5 years after the work is completed and accepted by the City; and

(e) all provisions of this Chapter regarding prior completion of sub- surface installations, including water pipes, sewers, underdrainage, and utilities, shall be complied with.