Bonds and other security may be utilized by the County for the purposes, including, but not limited to, reimbursement of the County by reason of the licensee’s failure to pay the County any sums due under the terms of this Chapter or the license, reimbursement of the County for reasonable costs borne by the County to correct license violations not corrected by the licensee after due notice; and monetary remedies or damages assessed against the licensee due to default or violations of the license requirements of this Chapter.
(a) Recourse. In the event licensee has been declared to be in default by the License Review Board under § 42.0556(b), and if the licensee fails, within 30 days of mailing of the License Review Board’s finding, to pay the County any license fee, penalties, or monetary sanctions, or fails to perform any of the conditions of the license, the County may thereafter foreclose against the performance bond and/or withdraw from any other security an amount sufficient to compensate the County’s damages, with interest at the legal rate. Upon such foreclosure or withdrawal, the County shall notify the licensee in writing, by first class mail, postage prepaid, of the amount and date thereof.
(b) Restoration. Within 30 days after mailing notice to the licensee that the County has foreclosed licensee’s performance bond or that any amount has been withdrawn by the County from the other security pursuant to Subdivision (a) above, the licensee shall deposit such further bond or sum of money, or other security, as the County may require, sufficient to meet the requirements of this Chapter.
(c) Rights of the County. The rights reserved to the County with respect to any bond or security are in addition to all other rights of the County whether reserved by this Chapter or authorized by law, and no action, proceeding, or exercise of a right with respect to any bond or other security shall constitute an election or waiver of any rights or other remedies the County may have.
(Ord. 1281, passed - -1966; Am. Ord. 2053, passed - -1976; Am. Ord. 2667, passed - -1982; Am. Ord. 3440, passed - -1991)