(a) Any person, before receiving a permit to move or wreck a building or structure within the City, shall file with the Building Inspection Department a public liability policy insuring such person and naming the City as an additional insured against liability imposed by law upon such person and/or the City arising out of the wrecking of a building or structure. Such policy shall provide for forms of coverage and the amounts of coverage as are determined from time to time by the City Commission, pursuant to the schedule provided for in Section 802.24.
(b) In addition to the insurance policy in the amount specified in subsection (a) hereof, a person who engages in the moving or wrecking of a building or structure shall file with the Building Inspection Department a bond in a sum determined by the City Commission pursuant to the schedule provided for in Section 802.24, indemnifying the City, its agents and employees against any claim of damage to public or private property of any kind and conditioned upon the permit applicant's payment to the City of all fines and penalties which may be assessed against such applicant for breach of an ordinance relating to the work carried on by such person and conditioned further upon the completion of all moving and wrecking operations within the time allotted and in the manner specified by this chapter and the permit issued hereunder.
(c) A homeowner applying for a permit to wreck a building or structure on premises owned and occupied by the applicant shall be required to provide to the City Treasurer a certified check in an amount determined by the City Commission or a performance bond in an amount determined by the City Commission, conditioned upon the completion of all wrecking operations within the time allotted and in the manner specified by this chapter and the permit issued. Such certified check or performance bond is not required when such wrecking permit is for a one-story accessory structure without a basement. Failure to complete wrecking within the allotted time and in the manner specified by this chapter or the permit issued shall cause forfeiture of such certified check or performance bond.
(Ord. 7-93. Passed 5-18-93.)