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++ l CITY OF GEM LAKE <br />RESOLUTION NO.2015 - 02 <br />REwLt,f rm-N ESTABLISHING A FIRE ESCROW ACGOUN,r PURSUAN'I''TO <br />Minn.. Stat. § '65A.50 <br />Wl IEREAS, Minii. Stat. 65A.50 (°fhc. s1,atute") authorizes a -city to establish o trust or escrow <br />account. to receive a po,110T7 of"' suranee ;settlement proceeds from a. claim on .real property <br />Ideated in the city tliat is damaw-o by.fre or explotiion. <br />WHEREAS, the: proceeds received by the Cityate used as security to ensure ili<tt the damaged <br />property is repaired; ri1}Iaceti, removed, or demolished and brought into compliance with the <br />City Code:. <br />WI-IFREAS; the City finris that damaged sttuctui•es nIay violate existing health. or s,,4fety <br />standards which endanger the public health, safety, and welfare if the dam tigee! structures are not <br />repaired, replaced. or removed, <br />NOW,:'f Hf�RF-FQPIE BE IT ItES.OLVED BY T1-IL': C1-TY COUMCIL. QF GFN LAK1~. <br />MINrNESOTA, AS FOLLOWS-, <br />1.. That pursuant -to Mfnrt. Scat. § 6.5&50, the City Couiteil.of-Gern.Lake.does hereby <br />establish an escrow account to receive a portion of insured mal property f re or explosion <br />settlement proceeds as prescribed by the statute. <br />.2. That the .Ciity.-of Caern Lake intends to uniformly apply Minn,. Stat. § 65A.$b with respect <br />to -all property 10cated within the city. <br />3. That-thi! City Clerk be authorized to proceed to establish the escrow account as prtxvideti <br />for in.thc statute. <br />4. That the Citv Clerk give the requ. ired writte.n.notification to the commissioner of <br />Commerce of the c..ity's intention to applyMinn. Stat. § 65A.50 and the establishment of <br />..the escrow account. <br />.. That the City •Clark is autbori ed IQ execute aflidavits oertifying violations ofhealth and <br />safety standards a -required by Minn. Stat. § 65A.:50, sttbd. 3. <br />G. !hat the City Clerk is authorized to receive reasonable proof that damaged ur destroyed <br />portions of'an insured structt3re are repaired, replaced, or removed or that an insured .has <br />entered into a contract fbr repair, replacement:., or removal of thee damaged portions as <br />required by Nli.nn. Stat. § 65A.50, subd. b.. <br />