(a) Prior to the issuance of a registration, the Building Commissioner shall require an applicant to furnish a surety bond, to be approved as to form by the Director of Law and as to sufficiency by the Mayor, guaranteeing full and faithful compliance by the applicant with all the provisions and regulations of the City Building Code, and binding the surety thereon to correct or abate any violations of the City Building Code whenever the applicant named as principal on such bond refuses, neglects or fails to correct or abate such violation within a reasonable time limit as set by the Building Commissioner. The bond shall indemnify the City and all other persons from injuries or damages arising by reason of the applicant's negligence or failure to properly perform any work undertaken pursuant to such license. The bond for all contractors shall be in the penal sum of twenty-five thousand dollars ($25,000).
(b) In addition to the bond required by subsection (a) hereof, every contractor shall, as a condition of any registration issued pursuant to this chapter, maintain Contractor's Comprehensive General and Automobile Liability insurance, or its equivalent, extended (or by means of a separate policy) to include liability for damage caused by explosion, collapse, underground, independent contractors, products and completed operations, together with owner's protective liability, with not less than the policy limits set forth in subsection (c) hereof. Such policy or policies of insurance shall name the City of Brook Park as an additional insured for all work performed within the corporate limits of the City, and shall contain the following special provision: "The Company agrees that ten days prior to cancellation, material alteration or reduction of the insurance afforded by this policy, with respect to the license involved, written notice shall be sent by certified mail to the City of Brook Park." An exact copy of such policy or policies shall be deposited with the Building Commissioner prior to the expiration date of any of the initial insurances. All insurance herein specified shall be with a company authorized to do business in the State of Ohio and acceptable to the Commissioner.
(c) The policy or policies of insurance required by subsection (b) hereof shall:
(1) Have a policy limit for bodily injury and property damage of not less than one million dollars ($1,000,000) for each occurrence, if the contractor engages in the construction, reconstruction, maintenance or repair of any of the public highways, streets, avenues, alleys, sidewalks, public grounds, bridges, aqueducts and viaducts within the corporate limits of the City; or
(2) Have a policy limit for bodily injury and property damage of not less than three hundred thousand dollars ($300,000) for each occurrence, if the contractor does not engage in the construction, reconstruction, maintenance or repair of any of the public highways, streets, avenues, alleys, sidewalks, public grounds, bridges, aqueducts and viaducts within the corporate limits of the City.
(d) If an applicant's policy or policies of insurance, as required by subsection (b) hereof, have policy limits less than those specified in subsection (c)(1) hereof, the registration issued to such applicant shall contain the following endorsement in a conspicuous location on the face thereof: "THIS REGISTRATION IS NOT VALID FOR ANY WORK INVOLVING THE CONSTRUCTION, RECONSTRUCTION, MAINTENANCE OR REPAIR OF ANY OF THE PUBLIC HIGHWAYS, STREETS, AVENUES, ALLEYS, SIDEWALKS, PUBLIC GROUNDS, BRIDGES, AQUEDUCTS AND VIADUCTS WITHIN THE CORPORATE LIMITS OF THE CITY OF BROOK PARK."
(Ord. 8611-1999. Passed 11-16-99; Ord. 9604-2009. Passed 8-18-09.)