[HISTORY: Adopted by the City Council of the City of Newburgh 2-26-1979. Amendments noted where applicable.]
Claims against fire insurance proceeds — See Charter § C8.25.
The City Collector is authorized and empowered 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 City upon which there is erected any residential, commercial or industrial building or structure, except a one- or two-family residential structure, to the extent of any liens for taxes, special ad valorem levies, special assessments and municipal charges arising by operation of law against the property and remaining undischarged for a period of one year or more. He shall cause a notice of intention to claim against the proceeds of such policies of fire insurance as described in § 22 of the General Municipal Law to be served upon the State Superintendent of Insurance for entry in the index of liens maintained by him as provided in § 331 of the Insurance Law; provided, however, that the City Collector shall release or return to the insured any amounts to which the City is otherwise able to claim if the insured agrees with the City in writing to restore the affected premises to the same condition that it was in prior to the time that the lien arose or an improved condition.
The City Collector may retain enough money from the proceeds of the fire insurance policy to pay the taxes, interest and penalties due on the insured property until such time as an insured has restored the property to its original condition, or he may agree with an insured to release part of the retained sum as certain agreed portions of the necessary restoration at work are certified as completed by the City Building Inspector.