Title 10 Regulation of Activities
Division II. License Code
Chapter 10.26 Building Moving and Relocation
Section 10.26.050 Bond
The bond contract must provide the right of ent ry to the surety (if any) and to the City in the event the owner (principal) defaults in the performance of the permit conditions so that the surety and the City may ent er the premises to cure the default or take such other action as may be provided by law.
Should the conditions of the relocation permit not be satisfied within the prescribed time, the building official serves, by personal service or certified mail, a written notice of default upon the owner and the surety (in the case of a surety bond) and demands full performance of the conditions of the permit within a certain time.
Should the owner and/or surety fail to cure the default and fully perform the conditions of the permit as demanded in the notice of default, then the surety in the case of a surety bond or the custodian in the case of all other kinds of bonds, is required to pay over the full amount of the bond to the building official for deposit into a special account.
If all conditions of the relocation permit have been satisfied, the building official, upon issuance of a certificate of occupancy, exonerates and releases the bond.
Date Passed: Monday, June 4, 2007
Effective Date: Wednesday, July 11, 2007
Recodification ORD C34041 Section 1