(A) (1) No contractor’s license or a renewal thereof shall be issued by the City Controller until the applicant has made, executed, and delivered to the City Controller his or her bond, with good and sufficient surety, in the sum of an amount as set by the city from time to time, payable to the city. The bond shall recite that the principals and sureties agree to indemnify and save harmless the city against any and all claims and demands made by or against the city arising out of the principal’s practice as a contractor.
(2) In addition, a second bond in the same amount and of the same kind as above described shall be delivered to the City Controller for the use and benefit of any persons who have suffered loss or damages as a result of any work done or material furnished in violation of any of the laws of the city covering work.
(B) The bonds shall be required to display the County Recorder’s stamp affixed to the same and shall be resubmitted each year before renewal of the license is granted.
(C) The city shall not provide any legal services in disputes between contractors, and their clients and likewise the city shall not provide legal services in any court action involving a surety bond.
(Prior Code, § 115.004) (Ord. 13-0030, passed 10-14-2013)