(a) Every applicant for registration to engage in the referenced trades through contracting and/or hire, shall upon the approval of his or her application furnish and file with the Building Department a performance bond in the amount as set forth in the fee structure in Chapter 214 of the Administrative Code for each category of registration. Such bond shall be in the form of Exhibit A found in Section 1444.09 and shall be approved as to form by the North Royalton Director of Law and as to sufficiency of surety by the Mayor, guaranteeing full and faithful compliance by the applicant only to the extent of the bond value with all the provisions and regulations of applicable building codes of the City, the State of Ohio or any subdivision thereof now or hereafter having power and authority to regulate the construction of buildings or other structures within the City.
(b) Every applicant for registration shall deposit with the North Royalton Building Department evidence of a public insurance policy in the amount of one million dollars ($1,000,000.00) insuring the City or client against any loss or damage to persons or property from or growing out of work being performed. The amount of such insurance shall be as set forth in Section 214.08(o) of the Administrative Code (The General Fee Schedule). All policies shall be subject to the approval of the Director of Law.
(Ord. 1977-56. Passed 5-4-77; Ord. 1989-60. Passed 4-17-89; Ord. 98-163. Passed 9-1-98.; Ord. 02-141. Passed 10-1-02.)