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A. Prior to the issuance of a house moving permit, the applicant must file with the building official a bond in an amount equal to the cost, plus ten percent (10%) of the work required to be done in order to comply with all of the terms and conditions of such permit, as estimated by the building official. Said bond shall be executed by the owner of the premises where the building structure is to be located, as principal, and by a surety company authorized to do business in this state, as surety and acceptable to the City. The bond shall name the City as obligee and shall be conditioned as follows:

1. That each and all of the terms and conditions of the house moving permit shall be complied with to the satisfaction of the building official; and

2. That all of the work required to be done pursuant to the conditions of the house moving permit shall be fully performed and completed within the time limit specified in said permit, or, if no time limit is specified, within ninety (90) days after the date of issuance of said permit.

B. An extension of time may be granted by the building official, but no such extension of time shall be valid unless written, and no such extension shall release any surety upon any bond.

C. Said bond must be approved as to form by the City Attorney. (Ord. 6590-NS § 1)