Before a building permit may be granted, the city may require the posting of a security, in a form and amount satisfactory to the city, to cover the estimated costs of expenditures involved in complying with the conditions related to improvements of the property which may have been established in the granting of the permit. The security shall also cover the costs involved in cleaning up the vacated site and restoring it to a safe and sightly condition.
Before a building permit may be granted, there shall be a posting of a cash bond with the city treasurer, in an amount as determined by the city's chief building official and the director of the municipal utilities and engineering department to cover costs of the activities involving the city, and the expenditures involved in complying with the conditions related to improvements of the property which may have been established in the granting of the permit. The bond shall also cover the costs involved in cleaning up a vacated site and restoring it to a safe and sightly condition. (Ord. 2744, 2014)