(a)
The applicant for a permit to move an existing building or structure into or within the city shall furnish to the building director a surety bond drawn in favor of the city. Such bond shall be furnished by a surety company authorized to execute bonds in the state and shall be approved as to form by the city attorney. The bond shall be conditioned upon and shall guarantee the completion of all work necessary to make the building meet all standards and requirements of the building, plumbing and electrical regulations of the city.
(b)
Such bond shall be in the amount of $3 per square foot of total floor area of said building or structure, and the minimum bond in any case shall be the sum of $1,000. The floor area shall be considered as being the area inside the supporting walls or supports of the building or structure.
Cross reference—General bond requirements, § 2-2. |
(Code 1957, § 812.07)