Section 20.06.110 Stay of demolition - bond.

    1. The owner, or any interested person, may request a delay in the demolition of a structure at the time of the hearing on resolution authorizing demolition.  Such request shall be made in writing.  The council may grant such request properly before it when in its opinion it is practical, economical and structurally possible to rehabilitate the structure to comply with this code.
    2. No stay granted shall be effective, however, unless and until such person signs a written agreement with the city wherein the person agrees:
        a. To make all of the necessary repairs to bring the structure to current code standards within a time not to exceed ninety days of the date the stay is granted;
        b. To grant the city the right to award a contract and to enter in and upon such premises for the purposes of demolishing same upon the failure of the person to make such necessary repairs within the agreed upon time period; and
        c. Agrees to pay the city a per diem, in an agreed upon amount, which shall serve as reimbursement to the city for administrative and monitoring expenses for each day such person requests a delay in city demolition beyond the period of time established for the repair of the structure under the agreement; and such person files with the city a corporate surety performance bond, a cashier’ s or certified check drawn on a Sioux City bank or credit union or a letter of credit from such an institution in the estimated cost of demolition, as determined by the inspecting official, and in an amount sufficient to assure payment of the per diem reimbursement to the city.  In no event shall the portion of the bond attributable to the cost of demolition be less than one thousand dollars, nor shall the portion of the bond attributable to the per diem reimbursement be less than one thousand dollars. The  bond shall be conditioned upon the person performing the repairs within the agreed upon time period, together with written extensions thereto, and conditioned upon payment of the per diem reimbursement as same shall become due.  Upon such person's failure to make all of the repairs in a manner acceptable to the city within the agreed upon time period, together with written extensions thereto, the inspecting official may proceed to demolish the structure without further notice.
    3. The proceeds of the bond given pursuant to Section 20.06.110, if any, shall be applied by the city treasurer first against any unpaid per diem reimbursement and then against the assessment for demolition. (Ord. 2003-0370; 84/T-3098)