In addition to approval of the plan, the City Manager may require the person responsible for a chronic nuisance property to post a bond or other acceptable form of financial security to insure the required abatement and maintenance is completed in the manner and time described in the plan. Such financial security shall:
(1) Be in a form, amount and manner as prescribed by the City Attorney;
(2) Be in effect until such time as any required abatement is performed and a reasonable period of time has elapsed where the abatement has been maintained in accordance with the plan; and
(3) Be released only upon an affirmative determination by the City that the person responsible for the property has satisfactorily completed the abatement and the required maintenance period as required by the plan.
(Ord. 1780. Passed 11-8-16.)