§ 151.06 UNSAFE BUILDINGS FUND.

   (A)   A fund designated as the “Unsafe Building Fund” shall be established in the operating budget of the Town of Kouts Town Council. Any balance remaining at the end of the fiscal year shall be carried over in the fund for the following year and shall not revert to the General Fund.

   (B)   Money for such fund may be received from any source, including appropriation by a municipal, state or federal legislative authority and donations. The following money shall be deposited in such fund:

      (1)   Money received as payment for or settlement of any obligations or judgments created in accordance with §§ 151.30, 151.31, 151.32 and 151.42;

      (2)   Money received from bonds posted in accordance with § 151.26;

      (3)   Moneys received in satisfaction of receiver’s notes or certificates issued in accordance with § 151.40 which were purchased with use of money from the Unsafe Building Fund;

      (4)   Money received for payment or settlement of civil penalties imposed by this chapter;

      (5)   Money received from the collection of special assessments under § 151.42(B)(6).

      (6)   Money received from the collection of inspection fees under § 151.41(A).

   (C)   The Town Council may take action to transfer all or any part of any money which may be held in the “Building, Demolition, Repair and Contingent Fund” created by I.C. 36-7-9-15 to the Unsafe Building Fund.

   (D)   Money included in the Unsafe Building Fund may be used for the purposes directly related to the carrying out of any provisions of this chapter which shall include by way of example and not of limitation:

      (1)   The cost of obtaining reliable information about the identity and location of each person who owns a substantial property interest in an unsafe premises;

      (2)   The cost of an examination of an unsafe building by a registered architect or registered engineer not employed by Town of Kouts;

      (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 rescission or notice of statements that public bids are to be let in accordance with this chapter;

      (5)   The bid price of work by a contractor in accordance with this chapter;

      (6)   The cost of emergency action in accordance with this chapter;

      (7)   The costs of notes or receiver’s certificates issued in accordance with this chapter;

      (8)   All legal expenses associated with any of the above activities.

   (E)   Payment of money from the “Unsafe Building Fund” shall be made in accordance with applicable law.

(`77 Code, § 66.20) (Am. Ord. 1997-4, passed 3-17-97; Am. Ord. 2013-8, passed 7-15-13)