(A) In addition to any other fees, whenever the cost value of the proposed improvement is in excess of $2,000, there shall be deposited with the Village Treasurer the sum of $400 to be held by him or her as follows:
(1) Until the building or structure has been completed;
(2) Until all damages, if any, caused by said construction or remodeling, to any street, curb, sidewalk, alley and all other city and public property has been repaired and rectified; and
(3) Until the premised on which said building or structure was constructed has been restored to a safe condition. The Building Department may require an additional bond, at their discretion, whenever the cost value of the proposed construction or improvement is in excess of $10,000 but in no event shall a bond he or she required in excess of 5% of the cost value.
(B) (1) The Building Department shall inspect the construction or improvement and inform the permit holder of any failure to abide by the terms and conditions of this section and the bond required herein.
(2) The violations must be corrected within 30 days of the notice; otherwise, the violations may be corrected by the Village of Calumet Park and the cost shall be deducted from any bond that has been posted or, in the alternative, the village may recover the cost incurred by appropriate legal proceedings against the permit holder or his or her surety.
(Ord. 79-318, passed 12-13-1979)