Each applicant shall furnish a performance bond guaranteeing material and workmanship in conformity with the Building Code and other laws of the Village. The bond shall be issued by an insurance and/or bonding company properly licensed to do business in the State of Ohio. The applicant may furnish a cash bond in lieu of a performance bond. The minimum amount of any bond shall not be less than five thousand dollars ($5,000). The bond shall be in force for one year commencing upon the receipt of such bond. Any bond that is revoked, or expires without renewal, shall automatically suspend the certificate of registration until the bond is reinstated.
(Ord. 2558. Passed 11-15-89.)