The applicant shall provide the village an indemnifying bond issued by a company approved and authorized to issue bonds by the State of Illinois or other form of financial security acceptable to the village in an amount of $10,000 to be used by the village to complete demolition work in the event that the permit holder fails to complete said demolition in a timely manner or causes damage to any public property.
(Ord. 2023-02, passed 3-21-2023)