(a) Deposit Requirement. In addition to the fees set forth in this chapter, every owner or building permit applicant, whether an individual, corporation or partnership, erecting or having erected a building in the Municipality, at the time of permit issuance, shall post a procedural compliance deposit as hereinafter set forth to guarantee the satisfactory performance of all of the permit holder's procedural obligations required by the City and this Building Code in the construction and erection of the building and the site which is the subject of a building permit.
(b) Deposit Amount. For each RCO occupancy and for each OBC use group occupancy, the following deposits are required:
$00.00 to $250,000.00 | Deposit amount: $1,500.00 |
$250,001.00 to $500,000.00 | Deposit amount: $3,500.00 |
$500,001.00 to $1,000,000.00 | Deposit amount: $6,500.00 |
$1,000,001.00 and up | Deposit amount: $10,000.00 |
These deposits will be configured from the current ICC (International Code Council) Building Valuation Data Tables, which are published every six months by the ICC.
(c) Deposit Form. The deposit required by this section shall be posted with the City in cash at the time of the issuance of the permit.
(d) Forfeiture of Deposit. All or a portion of the deposit shall be forfeited into the general fund if one or more of the following conditions occur:
(1) Such building or structure is not completed within two years from the date of the issuance of the permit;
(2) Such building or structure is occupied without authorization prior to the issuance of a certificate of use and occupancy;
(3) All required inspections under this Building Code have not been requested or permitted; or
(4) Any other procedural obligation of the permit holder established by law is not met.
(e) Return of Deposit. The deposit shall be returned to the permit holder upon satisfactory performance of all procedures required by this Building Code applicable to the project.
(f) Time Extensions. If the execution and completion of the building or structure or any of its site amenities within the time frame set forth in division (d) of this section is unavoidable and found to be justified by the Chief Building Official, the partial or full forfeiture of the deposit may be waived and the original deposit may stand until full execution and completion of the project, within a reasonable time as determined by the Chief Building Official.
(Ord. 12-99. Passed 3-8-99; Ord. 40-08. Passed 5-12-08; Ord. 111-10. Passed 12-20-10; Ord. 136-12. Passed 12-10-12; Ord. 43-23. Passed 3-27-23.)