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(A) If an applicant elects to satisfy its obligations hereunder through the payment of an in lieu art fee, such payment shall be made prior to issuance of building permit. As used in this chapter, "applicant" shall mean an applicant for a building permit for a development which is subject to this chapter pursuant to § 23.81.040.
(B) If an applicant elects to satisfy its obligations hereunder through donation of an approved art work, or installation of an approved art work on private property, the art work shall be approved, as provided herein, prior to issuance of a building permit.
(C) Prior to final inspection or issuance of a certificate of occupancy, financial security in an amount equal to the acquisition and installation costs of any approved art work, in a form approved by theCity Attorney, must be posted. Any donated approved art work must be accepted by the City Council prior to final inspection or issuance of a certificate of occupancy.
(D) The applicant must record a covenant on the subject property which provides for ongoing maintenance of approved art work prior to certificate of occupancy.
(E) If any approved art work placed on private property pursuant to this chapter is removed without city approval, the Certificate of Occupancy may be revoked.
(Ord. 4417, passed 9-10-01)