Any person applying for a moving or demolition permit shall be required to furnish to the building official a sufficient amount of collateral in the form of a cash bond, cashier’s check, letter of credit from a bank or cash in favor of the city of not less than $150 or not less than the expenses of the moving or demolition work, whichever amount is greater, and conditioned upon the faithful performance of the moving or demolition. The building official shall determine whether the minimum amount is sufficient to complete the performance of moving or demolition work. If the building official determines that the minimum deposit is insufficient he or she shall require an additional deposit to complete the expense of the moving or demolition work. When a person fails to meet the terms of this article the deposit shall be forfeited and the building official shall use said deposit to complete the moving or demolition. Any portion of the deposit remaining after the moving or demolition work shall be returned to the applicant; provided, however, that no performance bond shall be required for the demolition of any building accessory to one- and two-family residences when such demolition work is to be performed by the owner of such residence.
(Ord. 7314, § 1(4), passed 3-17-1976)