No relocation permit shall be issued unless the applicant therefor shall first post with the Building Official a bond executed by the owner of the premises where the building or structure is to be located, as principal, and by a surety company, approved by the City Attorney and authorized to do business within the State, as surety.
The bond, which shall be in form joint and several, shall name the City of Anaheim as obligee, and shall be in an amount equal to the cost, plus ten percent of the work required to be done in order to comply with all of the conditions of such relocation permit as estimated by the Building Official. In addition, the bond shall guarantee replacement of any public facilities or improvements damaged during the relocation. In lieu of a surety bond, the applicant may post a bond executed by said owner, as principal, and which is secured by a deposit of cash in the amount named above, and conditions as required in the case of a surety bond; such a bond as so secured is hereinafter called a "cash bond" for the purposes of this section.
No bond, however, need be posted in any case where the Building Official shall determine that the only relocation involved is that of moving a building temporarily to the regularly occupied business premises of a house mover or that of moving a building to adjacent property of the same owner; but the exceptions herein made shall not apply unless the Building Official finds that no such security is necessary in order to assure compliance with the requirements of this section. (Ord. 5547 § 1 (part); December 19, 1995.)