(a) Prior to engaging in any demolition operations, a demolition contractor shall have on file with the Mayor as Director of Public Safety evidence that he has current comprehensive liability insurance as prescribed in § 1470.02(a).
(b) In case of a demolition contract awarded by the city under the provisions of this chapter, the contractor shall also post satisfactory and sufficient performance, work, labor and materials bonds, and, if required by the nature of the work under the contract, sufficient explosive insurance coverage. As a condition of the issuance of any permit for a specific demolition project the city may require a performance bond indemnifying the city for defects in performance within one year after completion of the work covered by the permit.
(Ord. 9-2010, passed 6-21-2010)