The applicant or the contractor for the applicant shall file a bond in an amount not less than $5,000 or 10% of the estimated cost of the project, whichever is greater, as determined by the Clerk-Treasurer and/or Building Commissioner, conditioned on the performance of the work and the maintenance of the work for a period of two years from the completion of such work, all in accordance with the terms of this subchapter. Upon review of the application, the Clerk-Treasurer and/or Building Commissioner may exempt individual property owners above the stated bond requirement.
(Ord. 2021-03, passed 10-12-2021)