The Law Director, the Manager and Council's nuisance abatement representative shall compose the Demolition Committee. If a building is fire-damaged, under the definition provided under Ohio R.C. 3929.86, the Committee shall negotiate with the owner or owners of the fire-damaged property to repair, remove or secure the building and to determine the costs prior to release of any moneys as provided by this chapter, and receive a signed agreement from the owner or owners as to the resolution of the property.