(A) Findings and purpose. The City Council finds that damaged structures may violate the existing health or safety standards which may endanger the public health, safety or welfare if they are not repaired, replaced or removed. M.S. § 65A.50, as it may be amended from time to time, authorizes the city to establish a trust or escrow account to receive proceeds from final insurance settlements for real property damaged by fire or explosion in order to ensure that any structures or improvements located on the damaged property are replaced, repaired or demolished in a manner that complies with local code requirements. On 8-6-2014, the City Council adopted Res. 2014-16 that established this escrow account and the City Council wishes to memorialize the establishment in the city code.
(Prior Code, § 445.01)
(B) Dedicated fund. The escrow account that was established by Res. 2014-16 is hereby confirmed as the dedicated escrow account required pursuant to the requirements and obligations set forth in M.S. § 65A.50, as it may be amended from time to time. The purpose of the fund shall be to receive a portion of insured real property fire or explosion settlement proceeds as described in M.S. § 65A.50, as it may be amended from time to time.
(1) The escrow account shall be administered by the City Administrator/Clerk-Treasurer.
(2) The City Administrator/Clerk-Treasurer shall be responsible for notifying the Commissioner of the Department of Commerce of the city’s use of the account in accordance with M.S. § 65A.50, as it may be amended from time to time.
(Prior Code, § 445.03)
(C) Applicability and designations.
(1) The city shall uniformly apply M.S. § 65A.50, as it may be amended from time to time, with respect to all property located within the city.
(2) The city designates and authorizes the following city employees in accordance with M.S. § 65A.50, as it may be amended from time to time.
(a) The city’s Building Official is authorized to execute affidavits certifying violations of health and safety as required by M.S. § 65A.50, subd. 3, as it may be amended from time to time.
(b) The City Administrator/Clerk-Treasurer is authorized to receive reasonable proof that damaged or destroyed portions of an insured structure are repaired, replaced or removed or that an insured has entered into a contract for repair, replacement or removal of the damaged portions as required by M.S. § 65A.50, subd. 8, as it may be amended from time to time.
(Prior Code, § 445.05)
(Ord. 200191120-01, passed 11-20-2019)