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Before any permit is issued granting authority to wreck a building or structure for which such permit is required, the person engaged in the work of wrecking the same shall file with the city clerk a bond with sureties to be approved by the city comptroller to indemnify, keep and save harmless the city against any loss, cost, damage, expense, judgment, or liability of any kind whatsoever which the city may suffer, or which may accrue against, be charged to or be recovered from said city, or any of its officials from or by reason or on account of accidents to persons or property during any such wrecking operations, and from or by reason or on account of anything done under or by virtue of any permit granted for any such wrecking operations.
Such bond in each case shall extend to and cover all such wrecking operations carried on through permits obtained thereunder by such person during any year beginning January 1st and ending December 31st, and no permit shall be issued for any wrecking work, except as hereinbefore otherwise provided during such year until such bond is filed. Said bond shall be in the penal sum of $20,000.00 for all wrecking operations on such buildings and other structures not more than three stories in height, and there shall be an additional bond filed in the penal sum of $20,000.00 or a bond in the penal sum of $40,000.00 shall be filed in the first instance in case of wrecking operations on buildings and other structures four or more stories in height, and there shall be an additional bond filed in the penal sum of $500.00, conditioned upon the restoring and leveling of the premises upon which such wrecking operations have been completed.
Upon the filing of such bond or bonds, the person engaged in the work of wrecking such buildings and other structures may obtain permits for such wrecking operations as are authorized under the said bond or bonds as hereinabove provided for, during the year in which the same is or are filed; provided, however, that in case of accident or casualty in the progress of any wrecking operations carried on under any permit so issued, or the happening of any circumstance which might, in the opinion of the building commissioner, render such bond or bonds inadequate, the commissioner may, in his or her discretion, require such additional bond as he may deem necessary to fully protect the city from loss resulting from the issuance of such permits before he allows the work to proceed or before any additional permits are issued by him or her.
In addition to the bonds provided aforesaid, and person engaged in the work of wrecking shall file with every application for a permit to wreck or tear down any building or structure or portion thereof, a commercial general liability insurance policy with limits of not less than of $500,000.00 per occurrence for bodily injury, personal injury and property damage arising in any way from the permit or activities conducted pursuant to the permit, approved by the city comptroller. The insurance policy required under this subsection shall name the City of Chicago as additional insured on a primary, noncontributory basis for any liability arising directly or indirectly from the permittee's operations. The permittee shall maintain the insurance required under this section in full force and effect throughout the duration of the permit period. The insurance shall be issued by an insurer authorized to insure in Illinois. In addition to the requirements under this section, and apart from and separate from any insurance under this section, the person engaged in the work of wrecking shall indemnify, defend and hold harmless any owner of property adjacent to the property on which the building or structure to be wrecked is located, against any loss, cost, damage, expense, or liability of any kind whatsoever which said owner of adjacent property may suffer, or which may accrue against, be charged to or be recovered from said adjacent property owner or anyone holding title by or under said owner of adjacent property, by reason of or arising out of any such wrecking operations. In the event an aggrieved party finds it necessary to seek recovery for damages against a demolition contractor by the filing of an appropriate action at law, such aggrieved party shall, upon being awarded judgment in his favor, be entitled to recover his court costs and reasonable attorney's fees against the demolition contractor, as determined by the court.
(Prior code § 43-20; Amend Coun. J. 9-13-89, p. 4604; Amend Coun. J. 12-4-02, p. 99026, § 2.11; Amend Coun. J. 11-13-07, p. 14999, Art. II, § 1; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 45)