(A) Upon receipt of moneys as provided for by this Chapter, the City Treasurer shall immediately notify the Chief Building Inspector of said receipt, and transmit all documentation received from the insurance company or companies to the Chief Building Inspector.

(B) Within twenty (20) days of the receipt of said moneys, the Chief Building Inspector shall determine, after prior investigation, whether the city shall investigate proceedings under the provisions of K.S.A. 12-1750 et seq., as amended.

(C) Prior to the expiration of the twenty (20) days established by subsection (B) of this section, the Chief Building Inspector shall notify the City Treasurer whether he or she intends to initiate proceedings under K.S.A. 12-1750 et seq., as amended.

(D) If the Chief Building Inspector has determined that proceedings under K.S.A. 12-1750 et seq., as amended, shall be initiated, he or she will do so immediately but no later than thirty (30) days after receipt of the moneys by the City Treasurer.

(E) Upon notification to the City Treasurer by the Chief Building Inspector that no proceedings shall be initiated under K.S.A. 12-1750 et seq., as amended, the City Treasurer shall return all such moneys received, plus accrued interest, to the insured or insureds as identified in the communication from the insurance company or companies. Such return shall be accomplished within thirty (30) days of the receipt of the moneys from the insurance company or companies. (Ord. 96-74 § 1, 1996.)