Butte-Silver Bow County |
Code of Ordinances |
Title 17. ZONING |
Chapter 17.40. OFF-STREET LOADING AND PARKING |
§ 17.40.830. Bonding—Form.
Completion bonds may be in the form of cash, letter of credit, certificate of deposit or surety bond executed by a company authorized to do business in the state of Montana and will be released only after the zoning officer or his representative has inspected the parking improvements and found that all required parking has been properly installed.
Real property bonds will be accepted as a completion bond only upon approval of the council of commissioners. The value of real property pledged as security must be unencumbered in at least twice the principal amount. All real property bonds shall be recorded as provided by the laws of the state for encumbrances upon real property, and foreclosure upon such real property bonds shall be as provided by state law.
(Ord. 305 § 1 (part), 1987: Ord. 53 § 180-83, 1978)