Sec. 6-19.2. Failure To Comply With Construction Time Limits; Default Penalties:

Every building permit authorizing construction of a new single-family residence or alterations, additions or renovations to an existing single-family residence with a cost in excess of one hundred thousand dollars ($100,000.00) is conditioned on the agreement of the permit applicant and the owner of the subject property, as evidenced by acceptance of the building permit issued by the village, in addition to all other rights and remedies available to the village, that:

(a) Failure of the applicant or property owner to complete all exterior project construction (excluding punch list items) and final site grading and drainage within the time limits provided in section 6-19 of this chapter, shall authorize imposition of the following penalties:

(1) For the first thirty (30) days that the project remains incomplete, there shall be a penalty of twenty five dollars ($25.00) per day.

(2) For the thirty first through sixtieth days that the project remains incomplete, there shall be a penalty of one hundred dollars ($100.00) per day.

(3) For the sixty first through one hundred twentieth days that the project remains incomplete, there shall be a penalty of two hundred fifty dollars ($250.00) per day.

(4) For the one hundred twenty first and any additional days thereafter that the project remains incomplete, there shall be a penalty of five hundred dollars ($500.00) per day.

(b) Failure of the applicant or property owner to complete all project construction as evidenced by the issuance of a final occupancy permit within the time limits provided in section 6-19 of this chapter shall authorize imposition of the following penalties:

(1) For the first thirty (30) days that the project remains incomplete, there shall be no penalty.

(2) For the thirty first through sixtieth days that the project remains incomplete, there shall be a penalty of fifty dollars ($50.00) per day.

(3) For the sixty first through one hundred twentieth days that the project remains incomplete, there shall be a penalty of one hundred twenty five dollars ($125.00) per day.

(4) For the one hundred twenty first and any additional days thereafter that the project remains incomplete, there shall be a penalty of two hundred fifty dollars ($250.00) per day. (Ord. 0-09-09, 4-20-2009)