A. As a condition of the issuance of any permit under this chapter, in addition to all other guarantees set forth in this chapter and appendix A on file in the Office of the City Clerk, the applicant and the contractor shall, jointly and severally, irrevocably guarantee the quality and durability of all materials and workmanship to the City for the period of two (2) years from the date of final inspection approval. (Ord. 97-06, 7-24-1997)
B. The applicant and contractor shall execute a hold harmless agreement to indemnify and hold the City harmless from any loss, injury or damage resulting from the work undertaken or the manner of doing same, and the City may require the applicant and contractor to post a bond to secure full performance thereof. (Ord. 97-06, 7-24-1997; amd. 2018 Code)
C. The City may require the applicant and/or contractor to post a performance bond, or other security acceptable to the Common Council, prior to the issuance of the permit or at any time thereafter. The bond shall be for one hundred fifty percent (150%) of the bona fide estimated construction cost, and the bond shall be effective until the expiration of guarantee. (Ord. 97-06, 7-24-1997)