1377.04   BOND REQUIREMENT.
   (a)   Before the Building Division issues an OCIEB licensed specialty contractor registration under the provisions of this Chapter, and prior to each renewal thereof, each registered specialty contractor shall, in a manner prescribed by the Building Division, give a bond, which shall be maintained in good standing at all times thereafter, to the Building Division. A Building Division issued OCIEB licensed specialty contractor registration shall not be issued or renewed without meeting this bond requirement.
   (b)   The bond required of an OCIEB licensed specialty contractor by the Building Division shall be of not less than fifteen thousand dollars ($15,000). The bond shall have good and sufficient surety approved by the Building Division. The bond shall be on a form prescribed by the Building Division.
   (c)   The bond shall be conditioned to reimburse any person for damages resulting from any act on the part of such registrant, his agents or employees contrary to the provisions of this Building Code, including the Ohio Basic Building Code and the Building Division's adopted One, Two and Three Family Dwelling Code, any other code or ordinance of the city, or any omission on registrant's part to perform any duties required therein.
   (d)   Payment on the bond shall be available only for a violation of one or more specific sections of this Building Code, including the Ohio Basic Building Code and of the adopted One, Two and Three Family Dwelling Code. The bond shall also provide payment for any other violation of a code or ordinance of the city, or any omission on registration's part to perform any duties required therein. Any person claiming damages as described in (a) above shall make their claim for damages directly to the surety. Neither a Contractor Board of Review, nor the city, its agents or employees may claim or collect payment from a surety for, or on behalf of, any private party.
   (e)   Failure to maintain such bond in good standing shall be immediate cause for suspension by the Building Division of the OCIEB licensed specialty contractor registration.
   (f)   The individual named on the OCIEB licensed specialty contractor registration shall sign the bond submitted for a registered OCIEB licensed specialty contractor registration or the renewal thereof.
   (g)   When a registered OCIEB licensed specialty contractor has more than one (1) such registration, or other Building Division issued registration or contractor registration, one (1) fifteen thousand dollar ($15,000) bond will be sufficient for all such registrations and registrations with the Building Division.
(Ord. C33-02.  Passed 4-15-02.)