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A zoning permit shall not be required but may be applied for and shall be issued for any existing use <br />of land or structure which conforms to the requirements of these regulations. <br />For all new construction and the use of all existing and new structures, no public utilities under the <br />city's direction and control shall be connected to such building or structure until the zoning permit <br />approval required by this chapter has been granted. <br />4�. �........� MIT M-3 <br />i <br />All written requests shall be accompanied by a filing fee sufficient to offset all costs of publication and <br />notice required by statute or ordinance but in no event less than the amount established by the city <br />council and listed in appendix A. <br />Sec. 106-150. Bond and Insurance Requirements. <br />(a) Each entity seeking to construct a multi -family development is required to execute and <br />file with the city a performance and/or payment bond, an irrevocable letter of credit, or <br />alternatively, any other method approved by the Planning and Zoning Commission, in the <br />following amounts: <br />(1) For developments of less than 100 units, $500,000. <br />(2) For developments of 100 units or more, $1,000,000. <br />(b) The execution of a bond, letter of credit or other approved financial guarantee payable to <br />the City of La Porte shall serve as a guarantee of proper compliance with applicable <br />maintenance and regulatory standards established under this Code or other applicable <br />law; the security afforded to the City by the filing of a bond, sf-letter of credit, or other <br />approved financial guarantee shall include, but not be limited to, necessary expenses <br />incurred as part of demolition of buildings that have fallen into disrepair, and other <br />remedial measures as may be necessary to maintain the health, safety and welfare of the <br />tenants and the integrity of the surrounding neighborhood. <br />(c) Each bond, ar irrevocable letter of credit or other approved financial guarantee shall be <br />renewable every five years, with evidence of renewal to be furnished to the city, <br />throughout the life of the structure/s. <br />(d) Failure of the owner of a multi -family development to obtain and keep current the bond, <br />er letter of credit or other approved financial guarantee shall be cause for revocation of <br />the owner's certificate of occupancy and/or zoning permit. <br />(e) Each entity seeking to construct a multi -family development is also required to purchase <br />and file with the city proof of insurance for comprehensive general liability policy naming <br />the City of La Porte as an additional named insured in the amount of $1,000,000.00 for <br />the life of the structures of the apartment complex and/or the apartment complex itself. <br />