[Adopted 11-21-2016 by Ord. No. 2016-17]
Any request for an official certificate of search for municipal
liens shall specify that the search concerns fire-damaged property.
If an appeal is taken on the amount of any lien or charge other
than an appeal on the assessed valuation of real property pursuant
to N.J.S.A. 54:3-21, the insurance company shall issue a draft payable
to the Court of record to be held by the Court in an interest-bearing
escrow account in the state or federally chartered bank, savings bank
or savings and loan association in the state in an amount totaling
75% of the full amount of the lien or charge being contested, but
not to exceed the proceeds payable under its insurance policy, and
the insurance company shall issue a draft payable to the municipality
for the remaining 25% of the lien or charge being contested with the
full amount paid by the insurance company to the Court and the municipality
not to exceed the proceeds payable under its insurance policy pending
termination of all proceedings, at which time such moneys and all
interest accruing thereon at a rate paid on interest-bearing accounts
in state or federally chartered banks, savings banks or savings and
loan association to the state shall be disbursed in accordance with
the final order or judgment of the court.
The Township Committee of the Township of Woolwich may, by resolution,
enter into an agreement with the owner of any fire-damaged property
situated in the Township of Woolwich to pay in full all delinquent
taxes, assessments or other municipal liens by installments pursuant
to N.J.S.A. 54:5-19 or for the redemption of a tax sale lien by installment
payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised
Statutes of New Jersey or for the payment in full of any anticipated
costs of demolition by installment if the Township Committee is satisfied
that the claim for fire damages is to be used to restore or improve
the fire-damaged property.
Unless a resolution is received in accordance with §
117-4 by an insurance company writing fire insurance policies, such insurance company is hereby authorized and required, prior to the payment of any claims for fire damages in excess of $2,500, to pay the amount of the anticipated demolition costs to the Township of Woolwich in the manner provided by §
117-1 and to pay to the Township of Woolwich the amount of the liens appearing on the official certificate and such other recorded liens or related charges as may be certified to the insurance company. If an appeal is taken on the amount of any lien or charge, other than an appeal on the assessed valuation of real property pursuant to N.J.S.A. 54:3-21, the insurance company shall issue a draft payable to the court of record, to be held by the court in an interest bearing escrow account in a state or federally chartered bank, savings bank, or savings and loan association in the state, in an amount totaling 75% of the full amount of the lien or charge being contested, but not to exceed the proceeds payable under its insurance policy, and the insurance company shall issue a draft payable to the municipality for the remaining 25% of the lien or charge being contested, with the full amount paid by the insurance company to the Court and the municipality not to exceed the proceeds payable under its insurance policy, pending termination of all proceedings, at which time such moneys and all interest accruing thereon, at a rate paid on interest bearing accounts in state or federally chartered banks, savings banks or savings and loan associations in the state, shall be disbursed in accordance with the final order or judgment of the court.