§ 78-98. Surety bond.

(a)

In the event the chief of police determines, upon review of the application, that a special event may involve explosives, damage or destruction of property, or any activity that would pose an unreasonable risk to persons or property, the chief may require a surety bond. A surety bond shall be deposited with the city in the amount of $100,000.00 conditioned that no damage will be done to city property, streets, sewers, infrastructure, or adjoining or nearby property prior to issuance of the permit.

(b)

The surety bond shall be returned to the permittee within ten days after said permit expires upon certification by the city that all of the conditions of this article have been satisfied.

(c)

Should the actual costs for any damage repair not exceed the amount of the bond, the remainder shall be reimbursed to the permittee by the city. In the event that actual costs exceed the amount of the bond, the permittee shall pay such additional sum to the city within ten days from the date of notification.

(d)

Nothing herein shall preclude the city from enforcing any other legal or equitable remedy against the permittee in addition to the bond.

(Code 1992, § 23-63)