9-1-115: PERFORMANCE DEPOSITS:
Where an owner, tenant, or contractor desires to have a gas or electric meter set, or desires to occupy, use, or to permit the occupancy or use of a new building or structure or portion thereof or of a building or structure being remodeled prior to final approval, and the building official determines no safety hazard exists, the owner, tenant, or contractor, with the approval of the building official, shall make a cash deposit with the City as a guarantee of completion and final approval.
The amount of such deposit shall be determined by the building official, based on the extent of the work remaining prior to the final approval.
The application for such deposit shall be made to the Community Development Department, and the deposit shall be held by the Finance Department. All deposits made in accordance with the provisions of this section shall be placed in a fund or funds and in such a manner that an accounting of each such deposit can be made.
In instances where cash deposits have been made, they shall not be construed to be a substitute for final approval. Failure on the part of the owner, tenant, or contractor to obtain final approval from the building official within a reasonable time as established by the building official in writing, shall be cause for the building official, upon ninety six (96) hours' notice, to use such deposits for the purpose of protecting the public. (Ord. 16-O-2719, eff. 1-20-2017; amd. Ord. 18-O-2750, eff. 4-6-2018)