(1) General contractor license fee: to be set by the Board of Trustees; and
(2) Subcontractor and all other contractors license fee: to be set by the Board of Trustees.
(B) Bonds. Each applicant for a license, as required in § 150.51 shall, before receiving such a license, deposit with the Village Building Department a license and letter of credit or permit bond issued by a company approved and authorized to issue bonds by the state in a form suitable to the village in the following penal sums:
(1) As set by the Board of Trustees for a general contractor in the amount of $25,000; or
(2) As set by the Board of Trustees for a subcontractor in the amount of $15,000.
(C) Surety Bond.
(1) In addition to the bond required in division (B) of this section, each applicant for a general contractor’s license, as required in § 150.51, shall, before receiving such a license, file with the Building Department of the village a surety performance bond approved by the village in the amount as set by the Board of Trustees for each new construction permit. The surety performance bond shall remain in full force 12 months following the issuance of an occupancy permit. The bond shall run to the village and shall be conditioned that all work performed by or on behalf of the general contractor, for each new construction permit, shall be performed in full compliance with all ordinances, regulations and policies of the village and that all work performed by him will not become a hazard to the health, safety, and welfare of the residents of the village. If the village solely determines the work is not being performed in conformance with village requirements or is or could be a hazard to village residents, the village shall give the general contractor written notice to fully correct such deficiencies within 48 hours of the notice. Notwithstanding, however, if the village solely determines corrective measures must be immediately undertaken due to a hazard to residents, the village, at the general contractor’s sole cost, may institute such action from the hazard. If the general contractor fails to timely undertake and complete the corrective steps as required by the notice, or compensate the village within 48 hours from their taking corrective action to safeguard from a hazard and in addition to any other remedies available, the village may call such surety performance bond to the amount necessary to perform or otherwise compensate the village for all such work.
(2) For the purposes of notice, notice shall be given to the general contractor, either personally or by certified mail, return receipt requested, addressed to the general contractor at the location stated in its general contractor’s license application. If notice is given by mail, it is deemed received upon mailing.
(Ord. 1198, passed 11-23-87; Am. Ord. 1356, passed 9-3-91; Am. Ord. 1564, passed 4-1-96; Am. Ord. 2384, passed 4-30-07)