§ 150.18  SECURITY REQUIREMENTS.
   (A)   Bond. Any person filing an application hereunder shall file with the City Clerk-Treasurer a bond, approved as to form by the City Attorney, and executed by a corporate surety company authorized to do business in the state, in the amount of $10,000, conditioned upon the compliance by the applicant with this and other applicable ordinances and laws, and payment to the City of all fees, fines and penalties required by this subchapter.
   (B)   Cash deposit and time limit.
      (1)   After the review of the building permit, the Building Official shall perform a walk-through of the structure proposed to be moved. The Building Official shall determine what, if any, deficiencies exist and estimate the cost to bring the structure up to all current building and mechanical codes.
      (2)   The person filing the application shall make a deposit in cash or in the form of a cashier’s check or an additional bond to the City in the amount of the difference between the $10,000 bond and the estimated cost of repairs to bring the building up to code. This deposit shall be forfeited if the building is not set upon a proper foundation and all repairs as determined necessary by the Building Official made within 120 days of issuance of permit.
(Prior Code, § 1109.04)