[HISTORY: Adopted by the Township Committee of the Township of Alloway 12-13-1984 by Ord. No. 214. Amendments noted where applicable.]
Pursuant to the authority of P.L. 1978, c. 184, as amended (N.J.R.S. 17:36-8 et seq.) the Township Committee hereby prohibits the payment to a claimant by any insurance company of any claim in excess of $2,500 for fire damages on any real property located within the Township of Alloway pursuant to any fire insurance policy issued or renewed after the adoption of this chapter and after filing of this chapter with the New Jersey State Commissioner of Insurance, until such time as all taxes and assessments and all other municipal liens or charges due and payable appearing on the official certificate of search shall have been paid, either by the owner of such real property or by the insurance company pursuant to the provisions of N.J.R.S. 17:36-10 et seq., or the Township of Alloway submits to the insurance company a resolution adopted pursuant to N.J.R.S. 17:36-11.
The Township Committee of Alloway Township may enter into an agreement with the owner of any fire-damaged property to pay in full all delinquent taxes, assessments or other municipal liens by installments pursuant to N.J.R.S. 54:5-19 or for the redemption of the tax sale lien by installment payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised Statutes, if the Township Committee is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property. An insurance company receiving a certified copy of a resolution of such an agreement from the Township Committee of Alloway Township is authorized to make full payment on the claim to the insured person.