Sale of tax lien on abandoned property. Notwithstanding
N.J.S.A. 54:5-19 or the provisions of any other law to the contrary,
if property is included on the abandoned property list and the property
taxes or other Township liens due on the property are delinquent six
or more quarters as of the date of expiration of the right to appeal
inclusion on the list, or, if an appeal has been filed, as of the
date that all opportunities for appeal of inclusion on the list have
been exhausted, then the tax lien on the property may be sold in accordance
with the procedures in the "Tax Sale Law," N.J.S.A. 54:5-1 et seq.,
on or after the 90th day following the expiration of that time of
appeal or final determination on an appeal, as appropriate. The Township
of Plumsted may, at its option, require that the sale of the tax sale
certificate or any subsequent assignment or transfer of a tax sale
certificate held by the Township be subject to the express condition
that the purchaser or assignee shall be obliged to perform and conclude
any rehabilitation or repairs necessary to remove the property from
the abandoned property list pursuant to Section 36 of P.L. 1996, c.
62 (N.J.S.A. 55:19-55) and to post a bond in favor of the Township
to guarantee the rehabilitation or repair of the property. The public
officer may waive a requirement to post a bond imposed by the Township
of Plumsted for any purchaser, assignee or transferee of a tax sale
certificate that provides documentation acceptable to the public officer
that the purchaser, assignee or transferee is a qualified rehabilitation
entity as defined in Section 3 of P.L. 2003, c. 210 (N.J.S.A. 55:19-80).
The cost of rehabilitation and repairs and the cost of the bond shall
be added to the amount required to be paid by the owner for redemption
of the property. The purchaser, assignee or transferee of the tax
sale certificate who is required to rehabilitate and repair the property
shall be required to file the appropriate affidavits with the Tax
Collector, pursuant to N.J.S.A. 54:5-62, representing the amounts
of monies expended periodically toward the rehabilitation or repair
of the property. A purchaser, assignee or transferee shall be entitled
to interest on the amounts expended, as set forth in the affidavits,
at the delinquent rate of interest for delinquencies in excess of
one thousand five hundred dollars ($1,500.) pursuant to N.J.S.A. 54:4-67
of the Township of Plumsted in effect for the time period when the
amounts were expended. The tax sale certificate purchaser, assignee
or transferee, under the auspices and with the Authority of the Township
of Plumsted, shall be permitted to enter in and upon the property
for the purposes of appraising the costs of rehabilitation and repair
and to perform all other acts required to guarantee the completion
of the rehabilitation or repair of the property. No rehabilitation
or repair work shall be commenced, however, until proof of adequate
liability insurance and an indemnification agreement holding the Township
of Plumsted harmless is filed with the public officer. If the tax
sale certificate is not purchased at the initial auction of the tax
sale certificate and the Township of Plumsted purchases the certificate
pursuant to N.J.S.A. 54:5-34, then the Township of Plumsted is authorized
and empowered to convey and transfer to the Authority or any of its
subsidiaries, without receiving compensation therefor, all of its
right, title and interest in that certificate; however, any portion
of the amount paid to the Tax Collector to redeem the tax sale certificate
that represents tax or other Township lien delinquencies and subsequent
Township liens, including interest, shall be returned by the Tax Collector
of the Township of Plumsted.