[HISTORY: Adopted by the Town Board of the Town of Lewisboro 5-13-1980 by L.L. No. 3-1980. Amendments noted where applicable.]
Taxation — See Ch. 199.
The purpose of this chapter is to enable the Town of Lewisboro to claim against the proceeds of a policy of fire insurance insuring the interest of an owner and issued on real property located within the Town of Lewisboro to the extent of any tax lien thereon.
This chapter is enacted pursuant to § 22 of the General Municipal Law of the State of New York.
The title of this chapter shall be the "Law Affecting Claims Against Fire Insurance Proceeds."
[Amended 11-26-1991 by L.L. No. 1-1991]
The Town of Lewisboro will release or return to the insured any amounts to which it would otherwise be entitled to claim under the provisions of § 22 of the General Municipal Law of the State of New York, provided that the insured agrees with the Town of Lewisboro, in writing, to restore the affected premises to the same or improved condition that it was in prior to the time that the lien of the Town of Lewisboro against proceeds provided for in this section arose, and further provided that the insured delivers to the Town of Lewisboro, in form acceptable to the Town Board of the Town of Lewisboro, a guaranty of the performance of such obligation, including but not limited to an agreement to deposit such proceeds in an escrow account or that the insured shall obtain a performance bond.