[Ord. No. 1806, § 1]
As permitted by N.J.S.A. 17:36-8 et seq. (P.L. 1978, c. 184), the payment to a claimant by an insurance company of any fire damage claim in excess of $2,500 on any real property located within the Township of Teaneck, pursuant to any fire insurance policy issued or renewed after the date of the adoption of this article and its filing with the State Commissioner of Insurance, is hereby prohibited until such time as all taxes, assessments and other municipal liens or charges due and payable shall have been paid, either by the owner of such real property or by the insurance company.
[Ord. No. 1806, § 2]
Notwithstanding the provisions of Section 15-6 of this article, the Township Council may enter into agreement, not in conflict with tax law, with the owner of any fire-damaged property regarding payment of said taxes, assessments and other municipal liens or charges if it is satisfied that the insurance proceeds will be used to restore or improve the fire-damaged property and may thereupon issue a resolution authorizing the insurance company to make full payment on the claim to the insured party.
[Added by Ord. No. 10-2018, 5-15-2018]
The Tax Collector of the Township of Teaneck shall omit from the tax sale list any property for which the arrearage in taxes, liens, and interest is $150 or less.