(a) If the village, pursuant to Ohio R.C. § 715.26, provides for the removal and repair of insecure, unsafe, or structurally defective buildings or structures where such removal and repair was necessary because of the peril of fire to the building or structure, the Village Clerk-Treasurer, pursuant to Ohio R.C. § 715.261 shall certify the total costs of such removal or repair, together with the proper description of the land to the county auditor who shall place the costs upon the tax duplicate.
(b) Upon receipt of proceeds from an insurance company or companies as required by Ohio R.C. § 3929.86(c), the Village Clerk-Treasurer shall place the proceeds in a separate fund to be used solely as security against the total cost of removing, repairing or securing incurred by the village pursuant to Ohio R.C. § 715.261. When the funds are received, the Village Clerk-Treasurer shall contact the named insured or insureds and certify that the proceeds have been received by the village and notify them that the following procedures will be followed:
The fund shall be returned to the named insured or insureds when repairs, removal, or securing of the building or other structure have been completed and the required proof has been received by the Village Clerk-Treasurer, if the village has not incurred any costs for the repairs, removal, or securing. However, the fund shall be returned to the named insured or insureds no later than 60 days after the Village Clerk-Treasurer receives the required proof. If the village has incurred any costs for repairs, removal, or securing of the building or structure, the costs shall be paid from the fund, and if excess funds remain, the village shall transfer, no later than 60 days after all such costs have been paid, the remaining funds to the named insured or insureds.
(Ord. 00-19, passed 4-18-2000)