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Upon securing the appraisal of the value of the street, alley or public place to be vacated as provided in this chapter, the public works director shall notify the petitioner of the amount of compensation, deducting therefrom any remaining appraisal fee deposit not previously refunded to the petitioner. The payment shall be delivered to the public works director, who, upon receipt of any such payment, shall forthwith transmit the same to the finance director for deposit. In the event that the petitioner has received approval of delivery of an instrument granting or dedicating to the city a parcel(s) of land in lieu of a cash payment as contemplated by GHMC 12.14.016(B), the director of public works, at the applicant’s expense, shall obtain a policy of title insurance insuring title thereto in the city. (Ord. 723 § 1, 1996).