§ 1010-8.016. Performance security.

Prior to the issuance of a permit the applicant shall deposit with the enforcing officer cash or check for payment to the county treasurer in an amount deemed adequate by the enforcing officer but not exceeding the estimated total cost, including all labor and materials, of the work to be performed; except that such deposit may be waived by the enforcing officer. In lieu of a cash deposit, the applicant may file an approved surety bond issued by a company or corporation authorized to engage in general surety business in the state of California or an acceptable instrument of credit meeting subdivision security standards. The conditions of any cash deposit or surety bond made pursuant to this section shall be that the permittee will diligently and in good faith comply with all provisions of this division, with all terms and conditions contained in the issued permit, and will pursue the work to completion without undue delay except for reasonable cause. Upon satisfactory and acceptable completion of the work as set forth in Section 1010-8.014, the cash deposit shall be refunded to the permittee, the permittee shall be exonerated from the surety bond or the instrument of credit released by the enforcing officer in writing upon the expiration of ninety days. The enforcing officer shall not be responsible to ascertain whether there exist unsatisfied liens against the premises upon which the work was performed.

(Ord. 89-27: prior code 1010-6.002: Ord. 72-90: prior code § 7631: Ord. 1447).