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TC Ord. No. 1988-070 • ORDINANCE NO. 88- 7 AN ORDINANCE AMENDING CHAPTER 12.04 OF THE MUNICIPAL CODE OF THE TOWN OF AVON AS IT RELATES TO A BOND FOR WORK IN A PUBLIC WAY. BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO; Section 1. Amendment. Section 12.04.280 of Chapter 12.04, Title 12 of the Municipal Code of the Town of Avon is amended to read as follows: "12.04.280 Bond. Each applicant, before being issued a permit, shall provide the town with an acceptable corporate surety bond of not less than two thousand dollars, or a deposit of not less than two thousand dollars in cash to guarantee faithful performance of the work authorized by a permit granted pursuant to this chapter. The amount of the bond or cash deposit required may be increased in the discretion of the director of public works whenever it appears that the amount and cost of the work to be performed may exceed the amount of bond or cash deposit otherwise required under this section. The term of the bond shall run coincident with the term of the applicant°s annual permit, or if the application is for a permit other than an annual permit, the term of the bond shall run for a period of one year from the date of final inspection and approval, by the director of public works, of all work performed under the permit. Public utilities may submit a corporate bond without sureties. No surety bond or deposit shall be required in connection with a permit issued for driveway installation in conjunction with a building permit for development of a site for which the driveway will provide access." INTRODUCED, PASSED ON FIRST READING, APPROVED AND ORDERED POSTED, THIS 24th day of May , 1988 and a public hearing on this Ordinance shall be held at the regular meeting of the Town Council of the Town of Avon, Colorado, on the 14th day of June , 1988 at 7:30 P.M. in the Municipal Building of the Town of Avon, Colorado. z Allan R.~ otting m, Mayor ATTE Pz(tricia J. To Clerk I e INTRODUCED, PASSED ON SECOND READING, APPROVED AND ORDERED POSTED this 14th day of June 1988. Allan R. ottingh Mayor 0 STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) E NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE 14TH DAY OF JUNE, 1988, AT THE TOWN HALL FOR THE PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 88-7, SERIES OF 1988: AN ORDINANCE AMENDING CHAPTER 12.04 OF THE MUNICIPAL CODE OF THE TOWN OF AVON AS IT RELATES TO A BOND FOR WORK IN A PUBLIC WAY A copy of said Ordinance is attached hereto, and is also on file at the office of the Town Clerk, and may be inspected during regular business hours. Following this hearing the Council may consider final passage of the Ordinance. This notice is given and published by order of the Town Council of the Town of Avon, Colorado. Dated this 24th day of May, 1988. BY OF AVON, COL tricia J. Oovl'6k ToOn Cle POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON MAY May 26, , 1988: THE AVON POST OFFICE IN THE MAIN LOBBY THE CITY MARKET IN THE MAIN LOBBY THE PD QUIK STATION; AND THE AVON MUNICIPAL BUILDING IN THE MAIN LOBBY