1321.03 DEPOSIT FOR EXPENSES AND DAMAGES.

   (a)   The applicant shall deposit with the Municipality a one thousand dollar ($1,000) cash or certified check deposit to indemnify the Municipality against expenses or damages incurred itself or by its residents and property owners as a result of the building moving operation. The deposit shall be held for a period of sixty days after completion of the moving, which is deemed to be when the building is placed on the foundation. At the expiration of the sixty-day period, if no such expenses or damages are claimed, or having been claimed, have been satisfactorily adjusted by the applicant, the deposit will be returned to the applicant.

   (b)   If claims of damages are still being made at the end of such period, the Municipality may, at its option:

      (1)    Apply so much of the deposit as may be necessary to satisfy the claim and refund the balance;

      (2)    Retain subject to a decision of a court or of the parties involved an amount necessary to satisfy such claim and refund the balance;

      (3)    If the report of a claim has been acknowledged by the insurance company providing coverage for the applicant, then the deposit may be refunded. (Ord. 1238. Passed 1-15-79.)

1321.04 LIABILITY INSURANCE.

   An application hereunder shall be accompanied by a liability insurance policy or adequate certificate thereof, issued by an insurance company authorized to do business in the State, and approved as to form by the Law Director, in limits for bodily injury or loss of life of $100,000 per person; $300,000 per accident, and property damage liability of $50,000 per accident. The insurance shall serve as an indemnity for any damage which the Village may sustain by reason of damage or injury to any highway, street, alley, sidewalk, fire hydrant, traffic-control signals, or other property of the Municipality which may be caused by or be incidental to the removal of any building over, along, or across any street in the Municipality, and to indemnify and save the Municipality harmless from any claim for damages to persons or private property or legal expense as a result thereof, and to satisfy any claims by private individuals arising out of, caused by, or incidental to the moving of any building over, along, or across any street in the Municipality. The insurance coverage shall also include protection in the event of explosion, collapse, or damage to underground utilities, and shall include a thirty-day minimum notice of cancellation provision.

(Ord. 1238. Passed 1-15-79.)

1321.05 INSPECTION.

   The Administrator shall inspect the building and the applicant's equipment to determine whether the standards for issuance of a permit are met.

(Ord. 1238. Passed 1-15-79.)