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maintained in accordance with the requirements of this section, and any other applicable laws. D. The property shall be posted with the name and 24-hour contact phone number of the local property management company. The posting shall be no less than 18" x 24", shall be of a font that is legible from a distance of forty-five (45) feet, and shall contain the following verbiage: 'THIS PROPERTY MANAGED BY and "TO REPORT PROBLEMS OR CONCERNS CALL (name and phone number)." E. The posting shall be placed on the interior of a window facing the street to the front of the property so it is visible from the street, or secured to the exterior of the building/structure facing the street of the front of the property so it is visible from the street. If no such area exists, the posting shall be on a stake of sufficient size to support the posting, in a location that is visible from the street to the front of the property, and to the extent possible, not readily subject to potential vandalism. Exterior posting must be constructed of, and printed with weather resistant materials. F. The local property management company shall inspect the property on a weekly basis to determine if the property is in compliance with the requirements of this division. If the property management company determines the property is not in compliance, it is the company's responsibility to bring the property into compliance. G. The duties and obligations specified in this section shall be joint and several among and between all trustees and beneficiaries and their respective agents. 8-1988. Additional authority. In addition to the enforcement remedies established in this division, the City shall have the authority to require the beneficiary, trustee, owner or owner of record of any property affected by this section, to implement additional maintenance and/or security measures including but not limited to, securing any and all doors, windows or other openings, installing additional security lighting, increasing on-site inspection frequency, employment of an on-site security guard or other measures as may be reasonably required to secure and reduce the visual decline of the property. 8-1989. Fees. An annual non-refundable Foreclosed Vacant property registration fee shall be paid to City at the time of registration, annually thereafter on January 1 sc each year and must be received no later than January 31 of the year due. If the foreclosed and/or abandoned property is sold or transferred within a calendar year to a new bank/owner it will need to register the foreclosed and/or abandoned property; the annual fee is not transferrable. The fee for registering and re -registering a foreclosed and/or abandoned property shall be set, from time to time, by resolution of the City Council. The amount of the fee shall not exceed the cost of administering the provisions of this chapter. Ordinance No. NS -2927 Page 9 of 12