In lieu of the Construction Bond required by § 52.210 and the Removal Bond required by § 52.211, provider may deposit with the Public Works Director, in a form acceptable to the Director of Law, an irrevocable, unconditional letter of credit and/or surety bond in the amount of U.S. $5,000,000. Unless a construction default, problem or deficiency involves an emergency or endangers the safety of the general public, the Public Works Director shall make all reasonable efforts to allow permittee a period of five business days after sending notification in writing to the last known business address to correct or repair any construction default, problem or deficiency prior to the Public Works Director's attachment of letter of credit or surety bond. Upon attachment, written notice shall be provided to the provider by the Public Works Director.
(Ord. 24-2004, passed 12-20-04)