A. The responsible party shall be required to pay a security deposit in an amount (or under terms and conditions set by city council by resolution) to cover any damage to the premises, any potential liability to the city, and any monetary obligations of the responsible party to the city.

B. Any part of the security deposit that is not used for the purposes stated will be refunded to the responsible party after an inspection of the premises has been completed after the scheduled event and after a determination that there does not appear to be any potential or contingent liability to the city resulting from the use.

C. The responsible party’s liability to the city will not be limited to the amount of the security deposit.

D. The responsible party and the city may agree in writing to have the city retain the security deposit paid under one rental agreement to cover future rental agreements. [Ord. 807 § 10.]