No person, firm or corporation acting in the capacity of an escrow agent in any real estate transaction involving the sale or transfer of any premises situated in the City which is supplied with City water, sanitary sewer, storm water utility or electric service shall disburse any funds unless the provisions of Section 1052.01 have been met. Should the person, firm or corporation selling or transferring by deed, land contract or otherwise any premises within the City act without an escrow agent, the person, firm or corporation shall comply with the requirements of this Section 1052.02 that are placed on the escrow agent.
(Ord. 03-183. Passed 11-5-03.)