(a) As a condition of the license, each mechanical, refrigeration or fireplace contractor shall give and maintain a surety bond in the penal sum of $10,000 in a form approved by the city. The bond shall be conditioned upon the faithful and lawful performance of all mechanical work, refrigeration work or fireplace work entered upon by the contractor within the city and for compliance with all the provisions of this chapter. The bond shall be in lieu of all other license bonds to any political subdivision or government agency. The bond shall be written by a corporate surety licensed to do business in the state.
(b) Claims upon the bond may be filed by any person damaged by reason of the principal’s failure to perform his or her obligation under the bond.
(c) Suspension or revocation of the license of the principal shall not by itself affect the liability of either the principal or the surety on the bond.
(1992 Code, § 11-40) (Ord. 94-93, passed 12-6-1993; Ord. 115-01, passed 12-10-2001; Ord. 24-04, passed 3-1-2004; Ord. 27-19, passed 3-19-2019)