§ 4114.515. Bond requirement for a department-issued contractor license.

(A)

Before the department issues a license under the provisions of this chapter, and prior to each renewal thereof, each holder of such a department-issued license shall, in a manner prescribed by the department, give a bond, which shall be maintained at all times thereafter, to the department. A department-issued license shall not be issued or renewed without meeting this bond requirement.

(B)

The bond required for the holder of a department-issued license shall be of not less than $25,000.00. The bond shall have good and sufficient surety approved by the department. The bond shall be on a form prescribed by the department.

(C)

The bond shall be conditioned to save the city harmless from all loss and damage to persons or property which may be occasioned in any way, by accident or the want of care of or skill on applicant's part, in the prosecution of the work.

(D)

Such bond shall provide for payment to the city for damages to the city or city property in the course of performance of work.

(E)

Failure to maintain such bond in good standing shall be cause for immediate suspension by the department of the department-issued license.

(F)

The individual named on the department-issued license, shall sign the bond submitted for a department issued license or the renewal thereof, regardless of any assignment to a business concern.

(G)

When an individual has more than one such department-issued contractor's license, or contractor registration with the department, one $25,000.00 bond will be sufficient for all such licenses and registrations expiring with the department during the same time frame.

(H)

No bond shall be required of the holder of a journeyperson plumber license.

(Ord. 1670-01 § 1 (part); Ord. 1092-02 § 3: Ord. 1697-2006 § 15; Ord. No. 0151-2009, §§ 12, 36, 6-22-2009)