Prior to the issuance of a demolition or salvage permit, any contractor, individual or business seeking a demolition/salvage permit, except the owner of a private residence seeking a permit to demolish his or her own residence or accessory structure, shall post and file with the Inspection Office evidence of security for the performance of the obligations and duties contained in this chapter. The security shall consist of a bond, certified cashier’s check or an institutional letter of credit in the amount of not less than $5,000 for residential demolition project and $15,000 for each commercial demolition project. Each salvage project shall require a bond, certified cashier’s check or an institutional letter of credit in the amount of not less than $10,000 for residential salvage project and $30,000 for each commercial salvage project. In addition to the above requirements and prior to the issuance of a demolition or salvage permit, any contractor, individual or business seeking a demolition or salvage permit shall maintain comprehensive general liability insurance and shall present and file proof of same with the Inspection Office by way of certificate of insurance.
(1980 Code, § 23.304) (Ord. 8926, passed 11-13-2001) Penalty, see § 152.99