§ 26-146. Deferred payment of fees.  


Latest version.
  • (a)

    Notwithstanding any other provisions of this article, payment of electrical permit fees by qualified applicants may be deferred for a period of up to 45 days from the date of issuance of the permit.

    (b)

    To qualify for deferred payment of permit fees, applicants shall file with the department a bond executed by the applicant, as principal, and a solvent surety company qualified to do business in the state as surety, conditioned that the principal therein shall timely and faithfully pay any and all sums due for permit fees, payment of which is deferred under this section, and additionally, for such amounts as shall be due for interest and attorneys' fees in the event of default as provided in this section.

    (c)

    The bond so furnished shall be in the minimum principal sum of $5,000.00, exclusive of applicable interest and attorneys' fees. Bonds of greater principal sums may be provided by applicants.

    (d)

    In no event shall the aggregate deferred permit fees applicable to any applicant exceed the principal amount of the bond furnished by the applicant.

    (e)

    Any applicant electing to furnish bond as noted in this section and further electing to defer payment of permit fees, by doing so, agrees to pay in full the amount of the fees within the time period specified in this section. Any failure by the applicant to do so shall, at the option of the department, immediately mature the applicant's obligation on the deferred fee in question, and as well, shall at the department's option mature all other deferred fees due by the applicant without the necessity of placing in default, this being expressly waived.

    (f)

    Any applicant electing to furnish bond and to defer payment of permit fees as noted in this section does additionally, by doing so, agree that, in the event of default, interest shall accrue on unpaid deferred permit fees at the rate of eight percent per annum, and that should it become necessary to place collection of the deferred fees in the hands of an attorney, the applicant shall be liable for and shall pay attorneys' fees computed at the rate of 25 percent of the total deferred fees and interest due, or $200.00, whichever is greater.

    (g)

    Default by any applicant in the payment of any such deferred fees shall constitute cause to refuse such applicant any further use of the deferral method of payment.

(City Code 1965, § 11-33.1)