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Sec. 58-77. Property transaction standards for individual sewage treatment systems. <br /> (a) No owner of a tract of land upon which a dwelling is located, or a tract of land <br /> upon which a structure which is required to have an individual sewage treatment system is <br /> located, shall sell or transfer to another party said tract of land, unless the following requirements <br /> are met: <br /> (1) The seller of any property having an individual sewage treatment system shall <br /> have a state licensed inspector or designer I complete the Minnesota Pollution <br /> Control Agency (MPCA) sewage system compliance inspection form for existing <br /> sewage systems in accordance with this article and Minnesota Rules chapter 7080. <br /> The exception would be a new septic system installed within the previous five <br /> years or a compliance inspection performed by a licensed inspector or designer I <br /> within the previous three years. <br /> (2) The seller must provide a copy of the completed sewage system disclosure form <br /> and the certificate of compliance or notice of non-compliance to any person who <br /> signs a purchase agreement. The disclosure form and certificate of compliance or <br /> notice of non-compliance inspection form must be provided to the buyer prior to <br /> signing the purchase agreement. <br /> (3) The licensed inspector or designer I must submit a copy of the certificate of <br /> compliance or notice of non-compliance to the city within 30 days of the date of <br /> inspection. <br /> (4) If the existing system is found to be out of compliance it must be brought into <br /> compliance prior to transfer of the property. If the system is not brought into <br /> compliance prior to transfer, the seller shall provide the buyer sufficient security <br /> in the form of an escrow agreement to assure the installation of a complying <br /> ISTS. <br /> (5) If the seller fails to provide a certificate of compliance, the seller shall provide the <br /> buyer sufficient security in the form of an escrow agreement to assure the <br /> installation of a complying ISTS. <br /> Ci <br /> (6) The security shall be placed in an escrow with a licensed real estate closer, oy\`\1 <br /> licensed attorney-at-law or a federal or state chartered financial institu • . The <br /> amount escrowed shall be equal to 150 percent of a written estimat o install a <br /> complying ISTS provided by a licensed and certified installer, or the amount shall <br /> be equal to 110 percent of the written contract price for the installation of <br /> complying ISTS provided by a licensed and certified installer. After a complyin • <br /> ISTS has been installed and a certificate of compliance issued, the City of Orono <br /> shall provide the escrow agent a copy of the certificate of compliance. d <br /> (Ord. No. 38 3rd series, § 3, 9-24-2007) 4' `� <br />