§ 12-100. Deposit required prior to construction operations.

(a)

No person shall perform any work for which a building permit is required if the cost of such work is $1,000.00 or more, without first making a cash deposit with the village manager or his designee of $200.00 for residential construction and $500.00 for commercial construction. Such sum shall be increased an appropriate amount if, in the opinion of the chief building inspector, the stated amount would not be sufficient to construct or repair damages to sidewalks, pavements, trees and any other village property which are already damaged or obviously will be damaged in the course of construction. Such sum shall be paid in addition to the cost of a building permit.

(b)

The deposit made pursuant to this section shall be refunded to the permittee upon return of the cash deposit receipt when certificates of occupancy have been issued and when compliance with this chapter and other village ordinances are complete, less deductions for damages to sidewalks, trees, pavement and any other village property.

(c)

Any deposit not redeemed within two years after completion of the work shall be forfeited to the village.

(Code 1940, §§ 36.013, 36.014; Code 1964, § 06-5; Ord. of 12-13-1965, § 1)