§ 94.10 PERFORMANCE BOND; FAILURE TO POST.
   (A)   In the event any person, business, corporation or other entity shall fail to comply with the posting of the surety bond in the principal sum of $10,000, to assure compliance herewith, permits, as are provided for herein, shall not be issued until compliance is had.
   (B)   The permit holder will forfeit the performance bond under the following conditions:
      (1)   The permit holder fails to complete the work within the prescribed time and fails to acquire a new permit;
      (2)   The permit holder, after being duly notified, fails to take remedial action within three working days and complete the repairs within ten working days; and
      (3)   The permit holder fails to pay all charges and assessments within 45 days.
(Ord. 2-1988, passed 2-1-88)