Pursuant to the establishment of this subchapter, the Town Council, the designated hearing authority, pursuant to recommendation by the Town Attorney, hereby establishes the bond under this subchapter as follows: a maximum bond may be established by the hearing authority which shall be no greater than an amount as shall be set by the Town Council from time to time. The amount of the bond to be established by the hearing authority under the unsafe building ordinance shall be in relation to, and in proportion to, the cost of the amount of work which has been ordered pursuant to those actions authorized by ordinance and state law. In the event the person, firm, corporation or other entity, which is ordered to comply with the ordered action under this subchapter, disagrees with the bond established by the hearing authority, then, in the event, the affected party shall obtain two independent estimates of repair cost, removal or such other action as has been ordered under this subchapter, from recognized contractors, or their equivalent, at their own expense, which shall be submitted to the hearing authority (Town Council) prior to the next regularly scheduled meeting of the body for further consideration and/or re-evaluation of the bond ordered set under this subchapter.
(Ord. 07-G-01, passed 11-14-2007)