Each demolition of a vacant building requires that the owner or person in control hold in escrow with the city a deposit of $10,000 for a residential building and $75,000 for a commercial building. If the amount to be set up in escrow cannot be paid in full, the city will place a lien on the property for the amount previously specified. They city will use these funds to complete the plans submitted by the owner or person in control in the event that the owner does not comply with the deadlines as previously submitted in the owner's or person in controls vacant building plan. Escrow funds will be released upon completion of the work or transfer of ownership, provided that all fees have been paid in full. New owners or persons in control must sign a form accepting responsibility for completing the demolition. All deposits received under this section shall be placed in the Code Enforcement Violations line item, 01-009-4511.
(Ord. 37-13, passed 6-10-13) Penalty, see § 159.99