(A) Deposit for municipal expenses. Upon receipt of an application, the Building Official shall estimate the expense that will be incurred in removing and replacing any electric wires, street lamps, or pole lines belonging to the municipality or any other property of the municipality, the removal and replacement of which will be required by reason of the moving of the building through the municipality, together with the cost of materials necessary to be used in making such removals and replacements. Prior to issuance of the permit, the Building Official shall require the applicant to deposit a sum of money equal to twice the amount of the estimated expense.
(B) General deposit. An application hereunder shall be accompanied by a cash deposit in the sum of $2,000 as an indemnity for any damage which the municipality may sustain by reason of damage or injury to any highway, street or alley, sidewalk, fire-hydrant 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 the municipality against any claim of damages to persons or private property, 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.
(1) Bond in lieu of deposit. Any person filing an application hereunder may, in lieu of the general cash deposit required above, file with the Building Official a bond, approved as to form by the Law Director, executed by a bonding or surety company authorized to do business in the State of Ohio, in the amount of $10,000, conditioned upon the assurance that this and other applicable ordinances and laws will be complied with. Such bond shall run to the municipality for the use and benefit of any person or persons intended to be protected thereby and shall be conditioned on the payment of any damage to public or private property and the payment for any damages or losses resulting from any malfeasance, misfeasance or nonfeasance or negligence in connection with any of the activities or conditions upon which the permit applied for is granted.
(2) Insurance policy in lieu of deposit. Any person filing an application hereunder may, in lieu of the general cash deposit required above, file with the Building Official a liability insurance policy, issued by an insurance company authorized to do business in the State of Ohio, and approved as to form by the Law Director, in the same amount and providing the same protection as would be required for a bond hereunder.
('80 Code, §§ 1345.04, 1345.05) (Ord. 21-84, passed 6-18-84) Penalty, see § 150.999