(A) Bonds. Before any such permission shall be issued, there shall be deposited with the Community Development Director for such improvements a bond or undertaking in favor of the city, to be approved by the Community Development Director, in the amount of 75% of the total cost of such proposed improvements, as a guarantee that the improvements will be constructed in the time and manner provided by law.
(B) Deposits.
(1) Before any such permission shall be issued, there shall be deposited with the Community Development Director such sum of money as may be estimated by him to be necessary to cover the costs of inspection and supervision by the Department of Public Works for such improvements. Should the amount required to be deposited prove to be insufficient to pay the costs and charges of supervision and inspection, all work under the permit shall cease until there has been deposited with the Community Development Director a sufficient amount of money as estimated by him, to cover the necessary remaining inspection and supervision charges.
(2) In addition, should it become necessary to procure the services of the City Engineer to establish, fix, or correct any grades or levels in connection therewith, the person making the improvement shall deposit with the Community Development Director the costs and charges of the City Engineer for such work so done by him.
('65 Code, § 6-8.221) (Ord. 201, passed - - )