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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.ci.little-canada.inn.us <br />MEMORANDUM <br />TO: Mayor Keis & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: February 20, 2015 <br />RE: Resolution Establishing Fire Escrow Account <br />MAYOR <br />John Keis <br />COUNCIL <br />Rick Montour <br />Michael McGraw <br />Toni Fischer <br />Christian Torkelson <br />ADMINISTRATOR <br />Joel R. Hanson <br />Sonie cities have experienced problems with fire damaged properties in getting them cleaned up <br />in a timely manner. (We had a situation like this in the early 90's.) The City Attorney has <br />advised us that we may want to utilize Minnesota Statutes Chapter 65A.50 which authorizes <br />cities to establish a "fire escrow account" whereby we can receive insurance settlement proceeds <br />to ensure a property is restored to an acceptable condition. 'Phis account is funded by receipt of <br />25% of the insured value of the damaged property or 25% of the settlement, whichever is less. <br />(See excerpts from League of Cities publication dealing with dangerous properties). <br />By enacting this resolution and notifying the Commissioner of Commerce, we are then in a <br />position to act promptly if a damaged property situation arises and give us more ability to ensure <br />the damaged property is properly addressed. Staff recommends adoption of the attached <br />resolution as presented. <br />1 <br />