(a) The owner of any dwelling structure, commercial building structure, or other
building, or land on which such buildings are located, entering into an agreement to sell or otherwise convey an interest in such land or building structures, shall obtain from the Village Administrator a Real Estate Transfer Certificate, and present such Certificate or an exact copy thereof, to any prospective purchaser or grantee prior to the time of transfer of title to the purchaser, in order to permit the escrow agent to comply with this Chapter. The Real Estate Transfer Certificate shall list thereon all water and sewer charges for the parcels where such dwelling structure, commercial building structure or other building is located.
(b) The requirement of obtaining a Transfer Certificate shall be mandatory on all
transfers of ownership of or beneficial interest in real estate located within the Village. The requirement shall further be reflected on all real estate title insurance reports conducted precedent to the transfer of ownership to give public notice of the mandatory requirement of the Transfer Certificate. A certified copy of the ordinance codified in this chapter shall be recorded with the county recorder of deeds, and copies shall be sent to all title insurance companies with notice that a Transfer Certificate is required on any transfer of ownership of real estate in the Village.
(c) An application for a Transfer Certificate can be secured from the office of the Village Administrator by any person owning real estate located within the Village or his agent or nominee. The application for a Transfer Certificate must be submitted to the Village Administrator during regular business hours not less than seven business days prior to any proposed sale, assignment or other transfer for any legal or beneficial interest of such real estate or as soon as is practical to allow sufficient time for the Village Administrator or his designee to determine the status of the water and sewer charges.
(1) If the Village Administrator or his designee determines that the applicant has paid in full all water and sewer charges as of the most recent billing, the Village Administrator shall issue a Transfer Certificate. The Transfer Certificate shall indicate that as of the date of the most recent billing, all water and sewer charges have been paid in full. Any unbilled charges as of the date of closing shall remain the responsibility of the owner of the real estate. The Transfer Certificate shall be valid for a period of fourteen days from the date of issuance. The Village Administrator shall keep a record of all Transfer Certificates on file in the office of the Village Administrator, and copies shall be furnished, upon request, to any person having a tenancy interest in the property.
(2) If the Village Administrator or his designee determines that the applicant has not paid in full all billed water and sewer charges the applicant will be given Transfer Certificate with a report in a form adopted by the Village Administrator which indicates any water and sewer charges billed and owed to the Village.
(Ord. 10-118. Passed 8-5-10.)
(Ord. 10-118. Passed 8-5-10.)