(a) The following types of violations are of particular concern to the Village's vital interest in maintaining property values:
Exterior
Roof-chimney
Paint-all related carpentry repairs
Downspouts to storms sewers
Replacement of deteriorated windows and/or doors
Concrete replacement or major repair
Dead tree removal
Fences
Interior
Major electrical repair (panel replacement, rewire of basement, etc.)
Major plumbing repair (replacement of stacks, fixtures, supply lines, etc.)
HVAC
Foundation-support post, block wall bowed or collapsed
Major breach of ceilings, walls or floors
The aforementioned types of violations are considered to be Class "A" violations and shall be designated as such by the Building Commissioner on all inspection reports.
(b) Title to any property in the Village shall not be transferred unless an escrow account with an amount of money equal to at least one hundred twenty-five percent (125%) of the estimated cost of correction of all outstanding Class "A" violations has been established and approved in writing by the Building Commissioner. In lieu of establishment of an escrow account hereunder, a purchaser may present proof of a commitment for a 203K or other rehabilitation loan from a recognized lending institution in an amount adequate to correct all Class "A" violations as approved by the Building Commissioner.
(c) No monies shall be released from the aforesaid escrow account without the written approval of the Building Commissioner.
(e) This section shall apply to all applications for certificate of inspections submitted on or after April 1, 2014.
(f) The requirement for depositing funds in an escrow account may be varied in whole or in part in particular instances by the Mayor if the applicant for the variances is able to demonstrate to the Mayor that:
(1) Special circumstances exist necessitating the variance from the requirements in order to make the sale and repair of the property financially practicable; and
(2) The purchaser has the financial capability to correct the violations listed on the Village Certificate of Inspection within a reasonable period of time; and
(3) The variance is in the best interest of the Village and its residents.
(Ord. 2014-21. Passed 4-15-14.)