As soon as is reasonable, but in no event later than sixty days following the receipt of the name and address of the named insured or insureds, as required by Section 1511.05, the Village Administrator shall provide the named insured or insureds with a complete and detailed list of all actions which must be taken with respect to the fire damaged building or structure so as to permit the release of all insurance funds which are being held by the Village. Upon receipt of such list the named insured or insureds may submit a contractor’s signed estimate of the costs of removing, repairing or securing the building or other structure after the transfer, whereupon the Village Administrator shall cause to be transferred to the named insured or insureds the amount of the fund in excess of said estimate, provided that the Village has not commenced to remove, repair or secure the building or other structure.
(Ord. 2012-9. Passed 4-26-12.)