(A) Each builder of a home shall be required to post a bond in the amount of $500 to ensure that any damage done to the city’s curbs and gutters during the building construction on adjacent lots will be able to be repaired at no cost to citizens.
(B) Upon inspection by, and approval of, the City Engineer, either:
(1) The funds posted under the bond required above shall be utilized to repair damage done to curbs and gutters during construction, if any, with:
(a) Any monies not used for those repairs to be returned to the individual who posted the bond; or
(b) If the money posted under the bond is insufficient to cover the cost of repairs as determined to be required by the City Engineer, the builder will be contacted and shall provide such additional sums as shall reasonably be necessary to complete the repairs.
(2) If there is no damage identified by the City Engineer, the bond shall be released to the party who provided the bond.
(Ord. 16-99, passed 12-1-1999)