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40.25 <br />(6) Performance Bond. <br />a. Upon approval of a conditional use permit the City <br />shall be provided with a surety bond, cash escrow, <br />certificate of deposit, securities, or cash <br />deposit prior to the issuing of building permits. <br />or initiation of work on the proposed improvements <br />or development. Said security shall guarantee <br />conformance and compliance with the conditions of <br />the conditional use permit and the Code of the <br />City. <br />b. The security shall be in the amount of the City <br />Engineer's or City Building Inspector's estimated <br />costs of labor and materials for the proposed <br />improvements or development. Said project can be <br />handled in stages upon the discretion of the City <br />Engineer and Building Inspector. <br />c." The City shall hold the security until completion <br />of the proposed improvements or development and a <br />certificte of occupancy indicating compliance with <br />the conditional use permit and Codes of the City <br />has been issued by the City Building Inspector. <br />d. Failure to comply with the conditions of the <br />conditional use permit and/or the Codes of the <br />City shall result in forfeiture of the security. <br />40.26 ADMINISTRATION - VARIANCES AND APPEALS <br />Subd. A Composition. The Board of Adjustment and Appeals shall <br />consist of all members of the Planning Commission. All <br />members shall serve without compensation. <br />Subd. B Organization, Meeting. The Board of Adjustment and <br />Appeals may elect a chairman from among its appointed <br />members for a term of one (1) year; and the Board may <br />create and fill such other offices as it may determine. <br />The Board shall meet by order of its Chairman, after <br />notice, whenever an appeal has been properly presented to <br />it. A two-thirds (2/3) vote of a properly convened Board <br />meeting shall be required to grant the relief sought in <br />the appeal. <br />Subd. C All written reports and recommendations to the Board of <br />Adjustment and Appeals from the City staff shall be <br />entered in and made part of the permanent written record <br />of the Board's meeting. <br />