[HISTORY: Adopted by the Town Board of the Town of Sand Lake: Art.
I, 4-13-1983 by L.L. No. 1-1983. Amendments
noted where applicable.]
[Adopted 4-13-1983 by L.L. No. 1-1983]
Whenever the Town of Sand Lake asserts a claim or lien against the proceeds
of a fire insurance policy, as authorized by Insurance Law § 331
and General Municipal Law § 22, the enforcing officer shall release
or return to the insured any amounts to which the town would otherwise be
entitled to claim, provided that the insured agrees with the town, 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 against proceeds provided
for in Insurance Law § 331 arose, subject to such conditions as
the Town Board may by resolution provide, to guarantee 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.
