A.    To provide security to the City and potential customers of temporary merchants licensed by the City, a surety bond, binding the temporary merchant to comply with all laws and ordinances including all amendments thereto pertaining to the regulation of temporary merchants in Vernal City, shall be required before the issuance of a license. The bond shall be refundable after ninety (90) days, except as provided in subsections C and D of this section.

    B.    Bonds shall be for the amount of three thousand (3,000) dollars.

    C.    The City shall not refund a license bond if the City receives notice that legal claims against the business are filed within ninety (90) days after the temporary merchant ceases to do business in Vernal City. The bond shall be held pending a determination of damages to the City or customers of temporary merchant or temporary merchant sponsor.

    D.    The City shall not refund a license bond until the applicant has paid the required sales tax on gross sales within the City limits to the Utah State Tax Commission.

    E.    Temporary merchants selling food, agricultural products or forestry raw products shall be exempted from the bonding requirements as provided in this section.

    F.    The bonding requirement for temporary merchants may be waived by the Vernal City Council providing that the business seeking a temporary merchant's license is currently licensed by the City under the provisions of Chapter 5.04 of the Vernal City municipal code and has been licensed as an established business for the two (2) years immediately preceding the application date for a temporary merchant's license and is current in its sales tax payments to the Utah State Tax Commission.  (Ord. 93-11 § 2(E): prior code § 11-09-011)(Ord. No. 96-22, Amended, 08/29/96)