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e <br /> <br />The dwelling to be moved, after being so moved, must have an assessed <br />valuation representative of the median of the neighborhood in which it is to <br />be located, as determined by the City Assessor. <br /> <br /> Subd. 8. Performance Standards and DMP Agreement. The dwelling to <br />be moved mu~t comply in all respects with the Building Code, as adopted by the City, and other <br />applicable C'tt~ Code provisions. If the dwelling is not in compliance, the applicant shall present to <br />the City a complete and detailed plan showing changes which will be made in order to attain <br />compliance With said codes. A DMP shall not be released to the applicant until there is a signed <br />DMP Agreen~. nt ~and the City has been provided with the required financial guarantee described <br />below. The DMP Agreement shall require the completion of any necessary changes within a <br />period of six months from the date of the building permit approval. <br /> <br />The amount tif the financial guarantee shall be established by the City's Building Official in an <br />amount suffl0ient to insure that the moving project will be completed in accordance with the <br />requirements for a certificate of occupancy and the terms and time frames established within the <br />DMP. The esg'rrow required shall equal 125% of the Building Official's estimate. <br /> <br />Whenever in ~e judgment of the City, the project has not been completed in accordance with City <br />Code requirementS, a written notice shall be issued to the fee title owner of the Subject Property <br />identifying th,. necessary corrections. Service of said notice shall be in person or by mail, mailed <br /> <br />to the appli¢~ <br />accomplished <br />such condifio~ <br />reasonable ad: <br />the event the <br />recover said e <br />administrator/ <br />upon which th <br />manner as taxi <br /> <br />tt at the address listed in the DMP Agreement. If the necessary corrections are not <br />iwithin ten (10) days of the date of mailing the notice, the City Council may cause <br />as to be abated at the expense of the City and recover such expenditure including <br />ainistrative expenses from the escrow fund as required by the DMP Agreement. In <br />;scrow is not sufficient to defray the expenses incurred by the City, the City may <br />~penses, at its option, either by civil action against the applicant or by directing the <br />:lerk to extend such sums, plus 25% thereof as a special tax against the real property <br />dwelling ~s located and to certify the same to the county auditor for collecuon ~n the <br />s and special assessments are certified and collected. <br /> <br />:Subd. 9. Fees, Escrows and Financial Guarantees. <br /> <br />The City Council shall establish the amount of application and escrow fees <br />and financial guarantees by resolution. <br /> <br />The form of the financial guarantee shall be a cash deposit or an irrevocable <br />Letter of Credit, approved as to form by the City, the amount of which <br />shall be determined by the City Council on an individual case basis. The <br />financial guarantee shall be in force and effect until all required construction <br />has been satisfied and all costs incurred by the City have been reimbursed. <br /> <br />The applicant and/or fee title owner of the Subject Property shall be <br />responsible for all costs incurred by the City, which expenses shall include <br />but not be limited to expenses for engineering, legal and administration. <br />Said expenses shall be paid within fifteen (15) days of billing by the City. <br />Failure to pay the City expenses within f'ffteen (15) days will permit the City <br />to draw upon any of the escrows required by the City. <br /> <br />rd. <br /> <br />The applicant and/or fee title owner shall be responsible for all building <br />permit fees and other fees as required. <br /> <br /> <br />