Prior to the issuance of a license, the Building Commissioner shall require an applicant to furnish a surety bond, to be approved as to form by the Director of Law, guaranteeing full and faithful compliance by the applicant with all the provisions of the Building Code and binding the surety thereon to correct or abate any violation of the Building Code whenever the applicant named as principal on such bond refuses, neglects or fails to correct or abate such violation within a reasonable time limit as set by the Commissioner. The bond shall indemnify the City and all other persons from injuries or damages arising by reason of the applicant’s negligence or failure to properly perform any work undertaken pursuant to such license. The bond for all contractors shall be in the penal sum of twenty-five thousand dollars ($25,000).
(Ord. 1983-44. Passed 4-12-83; Ord. 2005- 79. Passed 6-28-05; Ord. 2019-32. Passed 4-9-19.)