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PLEASE SUBSTITUTE FOR ORDINANCE NO. 21-92, placed 1st READING on 3/2/92 and on 2nd Reading 4/20/92. on ORDINANCE NO. 21-92 BY: Bosaia, Gallagher, G~orge, Gibbons, Roth, Se~ie, Smith AN ORDINANCE to amend the Building Code of the Codified Ordinances of the City of Lakewood by amending RBC 1603.32 and RBC 1603.321 of Section 1303.04 and Sections 1305.43(a), 1305.44(b) and (c), 1305.47 and 1305.49. WHEREAS, the preservation and maintenance of the housing stock of the City is vital to the preservation of the high quality of life enjoyed by the residents of Lakewood, and WHEREAS, studies and inspections made by the Building Department, Community Development Department and independent agencies all confirm that the greatest concentration of code violations and deterioration occurs in rental dwelling units, and WHEREAS, consultants and experts both inside and outside City government agree that regular and frequent inspections of the category of residential units in which violations are most likely to occur are the most cost efficient method of guarding against deterioration, and WHEREAS, the efficient and economical targeting of City resources to inspection of rental dwelling units will be enhanced by requiring point of sale inspection'of all rental dwelling units and the requirement of housing licenses for' such units; now/ therefore, BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That RBC 1603.32 and RBC 1603.321 of Section 1303.04 of the Building Code of the Codified Ordinances of the City of Lakewood now reading as follows: 1303.04 AMENDMENTS, ENACTMENTS OR REPEALS. RBC 1603.32 FURNISHING OF CERTIFICATE TO PURCHASER OF MULTIPLE DWELLING. Whoever sells, conveys, ].eases or otherwise transfers an interest in real property, which has situated thereon a multiple dwelling as classified in Section 1621.04, shall secure a Certificate of Occupancy from the Building Official and shall furnish said Certificate to the purchaser, lessee or transferee prior to the execution of the land contract or the delivery of the deed, lease or conveyance. Whoever fails to comply with the provisions of this Section shall be guilty of a misdemeanor, and upon conviction thereof, shall be fined not less than One Hundred Dollars [$100.00), nor more than One Thousand Dollars ($1,000.00). RBC 1603.321 DUTIES OF ESCROW AGENT. No person, firm or corporation acting in the capacity of an escrow agent in any real estate transaction involving the sale of Multiple Dwellings as classified in Section 1621.04 shall transfer title or distribute funds until there has been deposited in escrow an acknowledgement from the buyer of the receipt of a copy of the Certificate of Occupancy required by Section 1603.32 and the provisions of said Section 1603.32 have been complied with. Whoever fails to comply with the provisions of this section shall be guilty of a misdemeanor of the four'th degree. shall be and the Same is hereby amended to read as follows: