Source: https://ecode360.com/13782192
Timestamp: 2019-04-23 16:42:03+00:00

Document:
§ 8-305.1 Legislative findings and intent.
§ 8-305.3 Floodplain notification certificate required.
§ 8-305.4 Certificate application; fee; contents.
§ 8-305.6 Delivery of certificate; evidence of compliance.
§ 8-305.7 Nonliability of City.
Council finds it necessary to provide potential buyers of nonresidential property notice as to whether the property is located within the floodplain or outside of the floodplain in order that the buyer may be properly informed of such. The advent of floodplain construction standards, enhanced flood warning systems and other improvements make possible the viable and complete use of land and buildings within the floodplain, and nothing in this chapter precludes the sale or purchase or the development and use of floodplain real estate in accordance with floodplain construction standards.
Any person, partnership, association, corporation, or fiduciary who, for monetary consideration, aids in the sale or exchange of property as defined herein. Whenever used in any clause prescribing or imposing a penalty, the term "agent," as applied to partnerships and associations, means the partners or members thereof and, as applied to corporations, the officers thereof.
Any agreement or written instrument which provides that title to any property shall thereafter be transferred from one owner to another owner and includes, inter alia, both written leases which contain options to purchase the leased property and agreements which provide that the occupant of the property shall acquire title thereto after the payment of a stipulated number of regular payments or after a stipulated period of time.
Floodplain notification certificate for nonresidential property.
Any person, partnership, association, corporation, or fiduciary having legal or equitable title or any interest in any real property. Whenever used in any clause prescribing or imposing a penalty, the term "owner," as applied to partnerships and associations, means the partners or members thereof and, as applied to corporations, the officers thereof.
Any nonresidential building or structure located within the City and includes any building or structure which is not used exclusively as a residence, as well as any vacant lot in a nonresidential zone.
At least 10 days prior to entering into an agreement of sale or exchange of any property, or at least 10 days prior to the transfer of property when no agreement of sale is utilized, the agent or, if none, the owner shall obtain from the Codes Administrator the floodplain notification certificate for nonresidential property required by this chapter.
The certificate shall be valid so long as no change occurs in the one-hundred-year regulatory floodplain.
A statement that the agent or, if none, the owner has advised the purchaser whether, to the best of his or her knowledge and belief, the property has ever been flooded.
In the City, no agent or, if none, no owner shall sell property, or any interest therein, unless the agent or owner first delivers to the purchaser or transferee, not less than 10 days prior to the execution of any agreement of sale, or not less than 10 days prior to the transfer or title in the event that no agreement of sale is utilized, the certificate described in § 8-305.3. An agent's or owner's failure to deliver said certificate in the appropriate time frame shall be deemed a breach of that agent's or owner's duty of disclosure to the purchaser or transferee. Such a breach shall render the agreement of sale or other such land contract voidable.
The purchaser or transferee shall execute a receipt for the certificate, as furnished by the City, and such receipt shall be delivered by the agent or owner to the Codes Administrator as evidence of compliance with the provisions of this chapter and this chapter only. The certificate described in this chapter in no way implies compliance with any other chapter.
No agent shall aid any owner in the sale or transfer of property unless the agent first complies with the notification requirements of this chapter.
The floodplain notification certificate for nonresidential property shall be compiled from the records of the City. Neither the enactment of this chapter nor the preparation and delivery of any certificate required hereunder shall impose any liability upon the City for any errors or omissions contained in such certificate, nor shall the City bear any liability not otherwise imposed by law.
Any agent or owner who violates the provisions of this chapter shall be guilty of a summary offense and, upon conviction thereof, shall be subject to the general code penalty as set forth in § 1-301.99.

References: § 8

§ 8

§ 8

§ 8
 § 8
 § 1