A. The amount held in escrow shall be immediately forwarded to the insured when the chief of the fire department, his duly authorized agent or another authorized representative receives or is shown reasonable proof of either of the following:
1. That the damaged or destroyed portions of the structure have been repaired or replaced, except to the extent that the amount withheld is needed to complete repair or replacement.
2. That the damaged or destroyed structure and all remnants of the structure have been removed from the land on which the structure or the remnants of the structure were situated in compliance with this chapter and other city ordinances.
B. If the insured enters into a contract to perform the repair, replacement or removal of the structure and consents to payments of funds held in escrow directly to the contractor performing such services, the funds shall be released only to such contractor. (Ord. 3360, 11-28-2016)