Sec. 35-59. Disposition of deposit.
Failure to complete the work within such specified time without good cause, in the opinion of the city engineer, shall result in forfeiture of the permit holder's bond or certified check. This is not a liquidated damages provision. In addition to the forfeiture of the permit holder's bond or certified check, the city retains any and all rights and remedies which it may have against the permit holder as a result of the permit holder's failure. Upon any such failure, in addition to any other remedy, the city may complete the work and recover the cost from the permit holder. (Ord. No. O-92-144, 5-12-92)
Last updated date: 10/23/2006 4:15:21 PM