If the Planning Commission finds that a special permit to erect and maintain a subdivision identification sign or signs in a residence zone should issue, it may make the special permit, when issued, subject to reasonable conditions, and shall, before a special permit is issued, fix the amount of a bond to be filed by the owner of the sign(s) with the City Clerk, and by him or her approved, prior to issuance of the special permit. The bond shall be executed by the owner and by a corporate surety authorized to do business in the state. The bond shall be payable to the city to reimburse the city for any damage the city may sustain in the event the owner, its successors, or assigns shall fail to construct and maintain the sign, or any part thereof, in compliance with the requirements of Article 6 of this chapter, as amended, (including, but not limited to, reasonable expense the city may incur in obtaining or attempting to obtain compliance by the owner, its successors, or assigns with such article, whether through or without litigation); and the condition of the bond shall be that the owner, its successors, and assigns shall erect and maintain the sign in compliance with the requirements of Article 6 of this chapter, as amended; otherwise, the bond shall remain in full force and effect.
(Ord. 3639, passed - -2000)