(A) The town shall establish an Unsafe Building Fund and receipt into it the money received from liens filed for demolition of 415 Lake Shore Drive.
(B) Money for the Unsafe Building Fund may be received from any source, including appropriations by local, state, or federal governments, and donations. The following money shall be deposited in the Fund:
(1) Money received as payment for or settlement of obligations or judgments established under I.C. 36-7-9-7 through 36-7-9-13 and I.C. 36-7-9-17 through 36-7-9-22;
(2) Money received from bonds posted under I.C. 36-7-9-7;
(3) Money received in satisfaction or receivers' notes or certificates that were issued under I.C. 36-7-9-20 and were purchased with money from the Unsafe Building Fund;
(4) Money received for payment or settlement of civil penalties or fines imposed under I.C. 36-7-9-7.
(C) Money in the Unsafe Building Fund may be used for the expenses incurred in carrying out the purposes of I.C. 36-7-9, including:
(1) The cost of obtaining reliable information about the identity and location of each person who owns a substantial property interest in unsafe premises;
(2) The cost of an examination of an unsafe building by a registered architect or registered engineer not employed by the department;
(3) The cost of surveys necessary to determine the location and dimensions of real property on which an unsafe building is located;
(4) The cost of giving notice of orders, notice of statements of recision, notice of continued hearing, and notice of statements that public bids are to be let in the manner prescribed by I.C. 36-7-9-25;
(5) The bid price of work by a contractor under I.C. 36-7-9-10 or I.C. 36-7-9-17 through 36-7-9-22;
(6) The cost of emergency action under I.C. 36-7-9-9; and
(7) The cost of notes or receivers' certificates issued under I.C. 36-7-9-20.
(D) Payment of money from the Unsafe Building Fund must be made in accordance with applicable law.
(Ord. 2021-009, passed 7-27-2021)