(a) No person, agent, firm or corporation shall sell, convey, exchange or otherwise transfer, by deed, lease, land contract or otherwise, any interest in any real property located within the corporate limits of the City, which is supplied with water, sanitary sewer, sanitation and/or storm water services by the City, without first furnishing to purchaser or duly assigned escrow agent proof of payment of the final bill for such services. If such final bill has not been paid or proof of payment is not readily available, seven hundred and fifty dollars ($750.00) shall be held in escrow until such proof of payment has been furnished to the escrow agent.
(b) Any party to a sale, exchange, conveyance or transfer of property, or any such party's agent, may request the Division of Utilities to read the meter at that property and to render, within ten days following the date of the request, a final bill for all outstanding water, sanitary sewer and sanitation charges. Such request shall be made at least fourteen days prior to the transfer of the title of said property. For storm water service charges, the escrow agent shall prorate the bill based on the percentage of time each owner owns the property during the current billing cycle.
(c) No person, agent, firm or corporation acting in the capacity of escrow agent in any real estate transaction involving the sale of any real property or interest therein located within the corporate limits of the City, which is serviced or supplied with water, sanitary sewer, sanitation and/or storm water services by the City, shall disburse any funds until the provisions of subsections (a) hereof have been complied therewith.
(Ord. 2016-121. Passed 10-3-16.)