1. A cash deposit or corporate surety bond in the sum of $10,000 or such greater amount as the Public Works Director or his/her designee determines necessary as indemnity for any damage which the City may sustain by reason of damage or injury to any highway, street or alley, sidewalk or other property of the City, which may be caused by or be incidental to the removal of any building over, along or across any street in the City and to indemnify the City against any claim of damages to persons or private property;

2. A public liability insurance policy providing $1,000,000 or such greater amount as the Public Works Director or his/her designee determines necessary to satisfy any claim by private individuals, firms, or corporations arising out of, caused by, or incidental to the moving of any building over, along, or across any street in the City; and

3. A cash deposit or a corporate surety performance bond in the sum of $5,000 or such greater amount as the Public Works Director or his/her designee determines necessary conditioned upon permittee, within six months from the date of the issuance of such permit (a) completing the construction, painting and finishing of the exterior of the building, and (b) faithfully complying with all requirements of this chapter, the building code, the zoning ordinance, the other ordinances then in effect within the City including but not limited to permittee completing such work within six months to the date of the issuance of such permit. In the event the provisions of this subsection are not complied with within the time specified, a sum of $5,000 shall be forfeited to the City as a penalty for the default, and this shall be in addition to any other penalties provided for failure to comply within the terms of this chapter. (Ord. 2596 § 2 (part), 2011; Ord. 2346 § 8, 2007; Ord. 2215 § 9 (part), 2004; Ord. 2160; Ord. 2014. Formerly 20E.30.10-070).