No insurance company authorized to issue fire insurance policies in this state shall pay any claims in excess of $2,500 on any real property located within the Township of Carneys Point unless or until the insured person claiming a loss orders an official certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12 from the Collector of Taxes and submits to the fire insurance company said search certifying that all taxes, assessments and other municipal liens or charges levied and assessed and due and payable against said property have been paid, or the Township of Carneys Point has submitted a resolution to said insurance company pursuant to §
97-2 of this chapter.
The Township Committee of Carneys Point may
enter into an agreement authorized by resolution permitting payment
of delinquent taxes, liens and other assessments in installments in
those cases in which the Township Committee of Carneys Point is satisfied
that the claim for fire damages is to be used to restore or improve
the fire-damaged property. In the aforesaid circumstances, the fire
insurance company shall be authorized to make full payment of the
claim to the insured person after receiving a certified copy of a
resolution authorizing said installment payments.
[Added 5-27-1992 by Ord. No. 534]
No insurance company authorized to issue fire
insurance policies in this state shall pay any claims in excess of
$2,500 on any real property located within the Township of Carneys
Point until one of the following conditions shall have occurred:
A. The insured submits to the insurance company an official
certificate, to be issued by the Construction Official of Carneys
Point Township, verifying that demolition is not required or that
the costs of demolition have been paid.
B. The insurer pays the anticipated costs of demolition
to the Township of Carneys Point.
C. The Township of Carneys Point and the owner of the
fire-damaged property enter into an agreement, approved by resolution
adopted by the Carneys Point Township Committee, establishing the
terms and conditions of payment in full of any anticipated costs of
demolition, as provided by N.J.S.A. 17:36-11.
[Added 5-27-1992 by Ord. No. 534]
The Construction Official for Carneys Point
Township shall be authorized to issue, upon payment of a fee in the
amount of $10, a certificate verifying that demolition of fire-damaged
property is not required or, alternatively, that the costs of such
demolition have been paid. The Construction Official may require the
owner of the property to provide such documents as shall be necessary
to verify payment of demolition costs.
[Added 5-27-1992 by Ord. No. 534]
In the event that the Carneys Point Township Committee receives funds pursuant to §
97-3B hereof, said funds shall be deposited in an interest-bearing escrow account in a state- or federally chartered bank, savings bank or savings and loan association in the State of New Jersey. Said funds shall be utilized solely for the payment of costs related to the demolition of fire-damaged property in Carneys Point Township.