(a) Where required by this ordinance or as a condition of approval for a permit under this ordinance, a guarantee in a form acceptable to the City of Bells, such as a bond, cash deposit, certified check or irrevocable bank letter of credit shall be provided.

(b) In instances where all required improvements are not completed, and a temporary certificate of occupancy is requested, the estimated cost of completing the improvements shall be provided in the form of a guarantee acceptable to the City of Bells, such as a bond, cash deposit, certified check or irrevocable bank letter of credit.

(c) The guarantee shall include a schedule and breakdown of itemized costs assigned to the different improvements. Monies may be released to the applicant in proportion to work completed on the different elements after inspection of work and approval of the Permitting Vendor. Any partial release of funds shall not reduce the amount of the remaining guarantee to less than ten percent (10%) of the original amount, which shall be retained by the City of Bells until all work has been completed and subsequently inspected and approved by the Permitting Vendor.

See ARTICLE 16: Permitting for complete, detailed information.
See Permits for more information.