A. If such inspection establishes that a single- or multi-family residential dwelling unit or structure or a commercial or industrial unit or structure does not comply with the provisions of this code, the city may issue an inspection and transfer stamp and temporary certificate of occupancy for a period not to exceed six (6) months. In no event shall the city issue an inspection and transfer stamp and/or a temporary certificate of occupancy if it determines that there exists unsafe or life threatening conditions or that the unit or structure of occupancy, the buyer(s) must execute a checklist of required repairs, indicating that he/they understand what is required of them, prior to closing and make arrangements with the city for the required deposit. The city will then issue the inspection and transfer stamp and a temporary occupancy permit.
B. The city may extend a temporary certificate of occupancy for an additional period of up to six (6) months provided that this new owner, agent or person in charge of such unit or structure has completed or corrected fifty percent (50%) or more of all repairs required by the city.
C. In the event the required corrections are not made by the new owner, agent or person in charge within the time specified by the city, such parties shall be subject to a fine as provided in section 8-12-5 of this chapter. (Ord. O-25-2007, 7-16-2007)