(A) A corporate surety bond in the amount of $10,000 in a form to be approved by the City Attorney, conditioned upon the applicant’s faithful compliance with all of the terms and provisions of this subchapter, and all applicable provisions of other city ordinances, county ordinances, and state statutes. The City Council may, in its own discretion, waive the requirement of a corporate surety bond if it finds that the bonding requirement is not appropriate for the particular activity being considered for a license.
(B) In considering a waiver of the corporate surety bond, the Council may consider the following:
(1) The nature, scope, and location of the proposed activity;
(2) The status of the applicant as a profit or nonprofit corporation;
(3) Whether the activity is for charitable, educational, cultural, or religious purposes and not likely to interfere with the general health, safety, and welfare of the residents of the city;
(4) Whether the requirement of the corporate surety bond would be an undue hardship on the applicant in relation to the nature, purpose, and scope of the proposed activity; and/or
(5) Any other circumstances as the City Council may deem relevant in considering whether or not the requirements of this subchapter will be met should the surety bond requirement be waived.
(1995 Code, § 10-36) (Ord. 48-A, passed 8-5-1985)
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