1337.05 BOND OR IRREVOCABLE LETTER OF CREDIT; INSURANCE.
   The following papers shall accompany the application for a permit under this chapter:
   (a)   A cash bond, surety bond, license bond or irrevocable letter of credit in the minimum amount of ten thousand dollars ($10,000) or such larger amount as the Village Administrator may require as in his judgment being necessary for the protection of public and private property shall be deposited with the Village Administrator or Village Clerk-Treasurer. The deposit shall be refunded or returned to the person making the deposit upon proof of his compliance with all of the ordinances of the Municipality and other laws applicable to the performance of such work and further, that he has compensated the Municipality and any other person entitled to such payment for all property damage caused by the person making the deposit in the performance of the work, and this applies to any public damage to public roads. Otherwise, the municipality may deduct from the amount of the cash deposit or file a claim against the surety bond, license bond or irrevocable letter of credit for the reasonable costs, as determined by the Village Administrator, of repairing such damage and shall return to the permit holder any unexpended balance of the cash deposit or execute the appropriate documentation to release any excess surety bond, license bond or irrevocable letter of credit. If the cost of repairing the roads or property is in excess of either the amount of the cash deposit or the amount recovered under the surety bond, license bond or irrevocable letter of credit, the permit holder performing the work shall nevertheless remain liable to the Municipality or the property owner, as the case may be, for any excess damage.
      (Ord. 01-23. Passed 4-3-01.)
   (b)   The permit holder shall carry liability insurance, protecting the Municipality against liability in the minimum amount of one million dollars ($1,000,000) as to all persons by reason of personal injuries and death, and in the amount of one hundred thousand dollars ($100,000) by reason of damage to property caused by the work authorized by the permit. The applicant shall deposit the policy or proof thereof with the Village Administrator and it shall name the Municipality as an additional insured.
   (c)   If the building is located within the Municipality, there shall be filed with the application for a permit sufficient evidence that the building and the lot from which it is to be removed and free from encumbrances and that all current taxes and assessments, both general and special, against it, have been paid in full. The applicant, if he is not the owner of the premises from which the building is to be moved, shall file with the application a written statement or bill of sale signed by the owner or other sufficient evidence that he is entitled to remove the building.
   (d)   Where utility companies supplying service to the Municipality will be affected, the applicant shall file with his application suitable letters of clearance of the utility companies consenting to the removal. It is deemed that the utilities will be affected except when the removal is limited to relocation on the same or an abutting lot and no portion of any Municipal street will be entered upon.
      (Ord. 99-24. Passed 8-10-99.)