A. To guarantee the compliance by an applicant with the provisions of this chapter, the removal of the building within the time specified by this chapter and the final clearance of the building site, every person moving a building from the city shall deposit with the city a cash bond in an amount established by resolution of the City Council.
B. Upon notification by the Building Official that the removal has been completed and the site cleared, the City Treasurer shall refund to the depositor the amount of the cash bond deposited, after first deducting therefrom all fees and penalties payable to the city under the provisions of this chapter, the cost, as determined by the City Engineer, of repairing or replacing any public property damaged by the moving of the building and the sum of ten ($10) dollars per day for each day beyond the limit specified in the permit for the completion of the removal and the clearance of the site in accordance with the provisions of this chapter.
('61 Code, § 7.41) (Ord. 372, passed - - )