(A) At the time the permit application is made, the applicant shall further furnish to the Finance Director or his or her designee the following:
(1) Permit processing fee in an amount as set forth and made a part of the schedule of fees and charges adopted by the City Council, as amended from time to time;
(2) Written consent of the owner of the land upon which applicant proposes to conduct business from in the city;
(3) A certified copy of the charter or articles of incorporation of applicant, if corporate and if a foreign corporation, certified copy of authority to do business in the state and proof of legal appointment of a process agent in the state; and
(4) Duly executed bond.
(B) The required bond shall be in the sum of $5,000 or 10% of anticipated sales, estimated from inventory furnished, whichever is greater. The surety of such bond shall be a surety company authorized to do business in the state. The bond shall be payable to the city to the extent any taxes, fees or fines as determined by the city’s Director of Finance are not paid and upon judicial determination, to those authorized to file suit thereunder. Such bond shall be conditioned upon faithful observance of all the conditions of this section, and shall also indemnify any purchaser at such sale, who suffers any loss by reason of defective merchandise or any misrepresentation, in said sale. The terms of said bond shall allow any purchaser seeking such indemnification to maintain an action against applicant as the principal thereon and the surety thereon. The bond shall be effective for one year after the termination of the sale for which it is made and until all actions are concluded and any judgments satisfied, or until the amount of the bond is exhausted by payments on such claims.
(C) The fee for a permit issued under division (A) above shall be in the amount of $200.
(2005 Code, § 14-162) (Ord. 2015-08-05, passed 8-24-2015)