Before a building permit may be issued, the applicant or his authorized agent shall post a cash deposit or bond satisfactory to the city and sufficient to cover the cost of the required improvements and to bring the building up to the standards of the Building Code. Said deposit or bond shall also be sufficient to cover the cost of all matters involving the city, such as inspections, engineering, street and other improvements and restoration of the vacated site, if within the city.
('64 Code, § 74.16) (Am. Ord. 501, passed 6-24-75)