(A) Where cash deposits are required with the application for any permit required by this subchapter, the minimum amount to be deposited shall be established by the Director of Public Works, but in no case shall an escrow deposit be an amount less than $500, except as otherwise specified in this subchapter. Such deposit shall be kept by the City Treasurer in an escrow account and used to defray all expenses to the city arising out of the granting of the permit and work done under the permit or in connection therewith.
(B) Three months after completion of the work done under the permit, any balance of such cash deposit unexpended shall be refunded. In any case where the deposit does not cover all costs and expenses of the city, the deficit shall be paid by the applicant.
(Ord. 03-2011, passed 4-25-2011)