1335.15 BOND.

   At the time of making application for a demolition permit as required by Sections 1335.13 and 1335.17(a), a demolition contractor applicant shall have on file with the Bureau of Buildings, Inspections, Licenses and Permits a bond in the following amounts:

 

Residential	$15,000.00
Commercial and industrial structures under 1,000 ft. sq.	$50,000.00
Commercial and industrial structures greater than 1,000 ft. sq.	Bond must be equal to estimated cost of demolition, including asbestos abatement

 

   Bonds must be approved as to form by the Director of Law, indemnifying the City for all liability arising by reason of the acts of the demolition contractor or his employees while in the pursuit of his business under a demolition permit issued by the City.

(Ord. 13-164. Passed 6-18-13.)