(1)

Loading and unloading spaces shall be provided off-street and on the premises and in the side or rear yard for commercial and industrial uses involving receipt or distribution of materials or merchandise by motor vehicle or rail. All loading and unloading operations shall be so located as to avoid undue interference with public use of streets, alleys and walkways. The number of spaces shall be provided as follows:

One additional space shall be provided for each fifty thousand (50,000) square feet above one hundred fifty thousand (150,000) square feet.

Plans showing the layout and design of all required loading and unloading areas shall be submitted and approved by the building official prior to issuance of a building permit. Before approving the layout, the building official shall satisfy himself that all spaces provided are usable and meet standard design criteria and that the complete loading and unloading operation is performed off-street.

In lieu of actual construction of the required off-street loading and unloading area, the governing body may accept a corporate surety bond, cashier's check, escrow account or other like security in an amount fixed by the governing body and conditioned upon actual construction of such work or improvement, within a specified time, and the governing body may enforce such bonds by all equitable means.