1. Property owners shall be fully cognizant of ALL requirements as set forth in § 18-804 of this Part and ALL other requirements and approvals necessary prior to the issuance of the duly executed certificate of compliance (no lien letter). Property owners shall allocate necessary time to complete all said requirements.
2. A temporary closing document (Appendix “B” of Ordinance 941) shall be issued by the Municipality ONLY if inclement weather conditions preclude any indicated or required corrective action work to be performed. Any other circumstances shall be subject to approval by the Municipality and if deemed not acceptable will result in the delay of issuance of the notice of release (no lien letter) and ultimately delay in the owner’s closing.
3. Should a temporary closing document be granted, the property owner shall be required to place in an escrow account in a bona fide lending institution, the amount to be determined by the Municipality, but not less than $5,000, for which written proof of deposit shall be provided to the Municipality and shall remain in escrow until the executed certificate of compliance is granted and written confirmation of the following terms and conditions:
A. A written detailed explanation of the need for the temporary certificate, and
B. An executed agreement by the purchaser/transferee accepting responsibility for ALL costs in excess of the cash security (escrow), and
C. A written easement or other license executed by the purchased/transferee permitting the Municipality to enter upon the property in order to complete the work in case of default by the applicant.
(Ord. 941, 6/8/2017)