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CITY OF GEM LAKE <br />RESOLUTION NO.2015 - 02 <br />RESOLUTION ESTABLISHING A FIRE ESCROW ACCOUNT PURSUANT TO <br />Minn. Stat. § 65A.50 <br />WHEREAS, Minn. Stat. § 65A.50 ("the statute") authorizes a city to establish a trust or escrow <br />account to receive a portion of insurance settlement proceeds from a claim on real property <br />located in the city that is damaged by fire or explosion. <br />WHEREAS, the proceeds received by the City are used as security to ensure that the damaged <br />property is repaired, replaced, removed, or demolished and brought into compliance with the <br />City Code. <br />WHEREAS, the City finds that damaged structures may violate existing health or safety <br />standards which endanger the public health, safety, and welfare if the damaged structures are not <br />repaired, replaced, or removed. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF GEM LAKE, <br />MINNESOTA, AS FOLLOWS: <br />That pursuant to Minn. Stat. § 65A.50, the City Council of Gem Lake does hereby <br />establish an escrow account to receive a portion of insured real property fire or explosion <br />settlement proceeds as prescribed by the statute. <br />2. That the City of Gem Lake intends to uniformly apply Minn. Stat. § 65A.50 with respect <br />to all property located within the city. <br />3. That the City Clerk be authorized to proceed to establish the escrow account as provided <br />for in the statute. <br />4. That the City Clerk give the required written notification to the commissioner of <br />Commerce of the city's intention to apply Minn. Stat. § 65A.50 and the establishment of <br />the escrow account. <br />5. That the City Clerk is authorized to execute affidavits certifying violations of health and <br />safety standards as required by Minn. Stat. § 65A.50, subd. 3. <br />6. That the City Clerk is authorized to receive reasonable proof that damaged or destroyed <br />portions of an insured structure are repaired, replaced, or removed or that an insured has <br />entered into a contract for repair, replacement, or removal of the damaged portions as <br />required by Minn. Stat. § 65A.50, subd. 8. <br />Attest i6ev! l� <br />