(A) No person may take or use the primary residence of a lessee as security for any lease payment or other indebtedness incurred through the lease arrangement.
(B) The energy office shall develop bonding requirements for leasing companies, installers, and management companies participating in the MSCU solar leasing program.
(C) All bonds required to be filed with the city must be so filed prior to a permit being granted for participating in the program. The term of such bonds shall be the same as the term for which the permit is issued.
(D) All such bonds shall guarantee full performance of the permittee's responsibilities as a participant in the program. The bonds shall be held by the city and shall be used to compensate lessees for loss or damage suffered as a result of the permittee's failure to perform under the conditions of the permit and according to the procedures set forth herein and in any rules and regulations promulgated to implement any of the provisions of this chapter.
(E) All solar energy devices installed under the MSCU solar leasing program must receive required building permits from the city. The City Council, by resolution, may establish special fees, if necessary, for solar energy devices based on the type and size to defray the special inspection costs they entail.
(F) The City Council may establish an arbitration board to hear and resolve any controversy or claim arising out of or relating to the lease agree-ments or installation of solar energy systems leased under the MSCU solar leasing program. If the arbitration board is established, all permittees and lessees must agree to use the arbitration board to resolve disputes, claims, or controversies. The arbitration board's award shall be final and binding on all parties, except as provided by state law, and judgment upon the award may be entered in any court having jurisdiction thereof.
('86 Code, § 24.06.050) (Ord. 3916, passed - - )