[HISTORY: Adopted by the Town Board of the Town of Poughkeepsie 12-20-1989 (Part II, Ch. 2, Art. I, of the 1964 Code). Amendments noted where applicable.]
Taxation — See Ch. 183.
The Town Board, by majority vote, shall be authorized to release or return to any insured any amounts which it would otherwise be entitled to claim as fire insurance proceeds pursuant to tax liens, provided that the insured agrees, in writing, to restore the effective premises to the same or improved condition that it was prior to the time that the lien of such district against proceeds, provided for under § 22 of the General Municipal Law, arose subject to such condition as such resolution shall provide to guarantee performance of such obligations, including but not limited to an agreement to deposit such proceeds in an escrow account or that the insured shall obtain a performance bond.