(A) At the time of issuance of a building permit, the applicant or applicants shall deposit with the City Clerk, a sum of money, in cash, based on the cost of construction or estimated cost of construction as follows:
Cost of Construction or Estimated Cost of Construction | Deposit |
$100 or more, but less than $2,000 | $100 |
$2,000 or more, but less than $10,000 | $200 |
$10,000 or more | $300 |
(B) The deposit shall be held by the City Clerk in a special account to ensure that the applicant or applicants will perform the following:
(1) Proper notice of the required inspection is given to the Building Commissioner;
(2) No work is done until the required inspections are made;
(3) No building or part of a building is occupied until a final inspection has been made and a certificate of occupancy has been issued;
(4) The construction site has been cleared of all construction debris;
(5) Stopcocks, where required, have been properly installed and are in operating condition;
(6) All construction debris has been removed from the public streets, alleys, parkways and sidewalks; and
(7) All sidewalks damaged during construction have been replaced or compensation for damages has been made to the city.
(C) (1) If the applicant or applicants fail to perform divisions (B)(1), (B)(2) or (B)(3) above, the entire sum deposited shall be forfeited to the city and deposited in the General Fund of the city.
(2) If the applicant or applicants fail to perform divisions (B)(4), (B)(5), (B)(6) or (B)(7) above, the Superintendent of Public Works and the Superintendent of Streets shall perform the obligation, and the cost shall be charged against the deposit.
(3) If any part of the deposit shall then remain, the sum shall be refunded.
(4) Upon certification of the Building Commissioner, the Superintendent of Public Works, and the Superintendent of Streets that the applicant or applicants have complied with the obligations above, the City Clerk shall return the entire deposit. No interest shall be paid on the deposit.
(Prior Code, § 150.050) (Ord. 1837, passed 7-13-1959; Ord. 2089, passed 12-23-1968; Ord. 2330, passed 4-27-1976; Ord. 2332, passed 4-27-1976)