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In the event of approval of the application, the Village Council shall set a performance bond (in the form of cash, a bank letter of credit or approved corporate surety) in an amount not less than five thousand dollars ($5,000). Said bond must be presented to the Village Clerk prior to the issuance of the permit. The amount of the bond shall reflect potential danger or harm to persons or property. Such bond shall be expressly conditioned on an approved final inspection by the Village Building Official. No permit for demolition or removal shall be issued by the Village Clerk until such bond shall have been filed.
(Ord. 2000-79. Passed 7-10-00.)