The Chief Building Official is authorized to grant an owner and/or occupant an extension of time to perform repair and/or demolition work required to be performed under this chapter or the International Property Maintenance Code, (IPMC), as adopted in § 1436.06. No request to extend the time for repair and/or demolition more than 15 days beyond the date set for such demolition and/or repairs set forth in the original notice under § 107 (§ 107. Notices and Orders) of the IPMC, as adopted in § 1436.01, shall be granted unless the property owner and/or occupant posts with the City either:
(a) A performance bond issued by a licensed surety, in a form acceptable to and approved by the Director of Law of the City, in an amount equal to the estimated cost of the repair and/or demolition of the property; or
(b) An irrevocable letter of credit issued by a licensed financial institution, in a form acceptable to the Director of Law of the City and in conformity with Ohio R.C. Chapter 1305, in an amount equal to the estimated cost of repair and/or demolition of the property. In the event the owner and/or occupant fails to complete the repair and/or demolition of the property in the period of time permitted by the extension, the City may exercise its remedies, as described in § 1436.06, and use proceeds from the performance bond, letter of credit or cash bond to offset costs incurred in abating the existing nuisance. In no event shall the Chief Building Official grant an extension or series of extensions exceeding 60 days from the date to repair and/or demolish set forth in the § 107 notice sent to the owner and/or occupant.
(Ord. 2000-86, passed 6-20-2000; Am. Ord. O2012-21, passed 6-19-2012)