Whenever the commission or city council grants or modifies a variance or conditional use permit and the grant or modification of said variance or conditional use permit is subject to one or more conditions, the commission or city council, as the case may be, may require that the applicant, or the owner of the property to which such variance or conditional use permit applies, file with the city clerk a surety bond, a corporate surety bond, a deposit of money, or savings and loan certificates or shares in an amount prescribed and for the purpose of guaranteeing the faithful performance of said conditions.
(Ord. 806 § 1, 2007)