(A) Before a building permit can be issued for an antenna support structure or antenna, the applicant must pay a cash amount equal to the entire cost as estimated by an engineer to remove the antenna support structure and antenna should it become abandoned.
(B) In lieu of cash payment, the applicant may file an executed surety bond with the City Clerk to guarantee recovery of the antenna support structure and antenna removal costs. The amount of the bond shall be 100% surety and sufficient to cover one and one-half times the entire cost, as estimated by the engineer, of the removal of the abandoned antenna support structure and antenna. The term of the bond shall be for the expected life of the antenna support structure and antenna.
(Prior Code, § 154.07) (Ord. 1298, passed 1-11-2000)