§ 150.04  FIRE LIMITS.
   (A)   Any frame building or structure within the fire limits of the village as hereinbefore prescribed by ordinance, which as or may be damaged by fire, decay, or other causes to the extent of 50% of its value, shall be torn down and removed or rebuilt.
   (B)   Upon written notice by the Building Inspector, the Health Officer, or the Fire Marshal to the effect that such building has been so damaged, filed with the Clerk, the said Clerk shall notify the Village Board of the receipt of such notice.
   (C)   The Village Board shall then appoint three persons to determine whether or not such building or structure has been damaged to the extent of 50% of its value.
   (D)   A copy of the notice of the appointment of this board of three persons to determine the damage shall be served upon the owner of the premises by personal service or by registered mail at his or her last known address. Such notice shall be in substantially the following form:
“To ________,
   You are hereby notified that ______ has determined that the building owned by you at ______, located within the fire limits of the village, has been damaged by fire, decay, or otherwise to the extent of 50% of its value and that a board of three persons has been appointed to verify this finding, which board will hold its first meeting in the Municipal Building on the___ day or _____ at the hour of_____ o’clock, at which time it will determine whether or not this finding is correct. If this finding is verified by the board, you must tear down and remove the said building, or rebuild.
   If this finding is verified by the board of three members and it determines that the building in question has been damaged to the extent of 50% of its value, it shall be the duty of the owner to tear down and remove said building within 20 days after the finding of such board, or to remodel it to comply with the requirements of new buildings in the fire village limits; and it shall be unlawful to occupy or permit the occupancy of such building after such finding until it is so remodeled.”
(2016 Code, § 21.204)  Penalty, see § 150.99