913.07 SECURITY DEPOSIT.

   (a)   Each sewer builder proposing to make sewer connections within the City shall deposit with the City Clerk an amount equal to fifty dollars ($50. 00) for each permit issued and outstanding. A permit shall be deemed to be outstanding within the meaning of this section until the Building Commissioner certifies that the work authorized under such permits has been completed in conformity with the rules and regulations governing such work. Upon such certification of completion being entered upon the records, the deposit represented by such permit shall be refunded to such sewer builder. If the work authorized by such permit is not completed in accordance with the rules and regulations therefor, the Building Commissioner may so notify the sewer builder and if the work is not thereafter completed within the time required by the Building Commissioner, he may order the work done, and the cost and expense thereof shall be deducted from the aggregate amount held on deposit for such sewer building. The failure on the part of any sewer builder to complete the work authorized under any given permit in accordance with the rules and regulations for such work shall authorize the Building Commissioner to revoke any or all permits issued to such sewer builder and then outstanding and shall also authorize the Building Commissioner to refuse to issue any further permits to such sewer builder unless Council shall, by resolution, direct the issuance of further permits.

   (b)   In lieu of the cash guarantee herein required, the sewer builder may deposit with the City a surety bond in double the amount of the cash deposit herein required. Such surety bond shall be conditioned upon the faithful performance of the provisions of this chapter, shall conform to all legal requirements and may be so written as to be applicable to any work performed or about to be performed in the City for which plumbing or sewer building permits have been requested by such plumber or sewer builder. (1964 Code §96.07)