§ 5-27. Bond requirements.

Latest version.

All general contractors will be required to file with the city a general contractor's surety bond in the sum of fifteen thousand dollars ($15,000.00) to be so conditioned that all construction work performed by the licensee or under his/her supervision shall be performed in accordance with the provisions of this article and the building code and that he/she will pay all fines and penalties properly imposed upon him/her for the violation of any provision of this article or the building code. A contractor's license shall not be valid unless a bond is executed and deposited as herein provided. Homeowners improving their own property are exempt from positing a surety bond, unless the property is rental and/or lease property which shall require the fifteen thousand dollar ($15,000.00) surety bond.

(Ord. No. 693, 1-23-06; Ord. No. 1432, 11-14-16)

Note— The bond in the amount of fifteen thousand dollars ($15,000.00) shall be required once the general contractor's existing bond has expired.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');