Any portion of a building deposit that exceeds five thousand dollars ($5,000) may be furnished in the form of a surety bond, to be approved by the Director of Law. In such event, the cash deposit will be considered to be applicable to each premises for which a permit was issued and shall be subjected to the payment of all claims made under this chapter. Until such sum has been exhausted thereby, no claim shall be made against the surety on such bond.
(Ord. 85-99. Passed 9-13-99; Ord. 09-11. Passed 6-13-11.)