[Adopted 5-25-1993 by Ord.
No. 860; amended in its entirety 7-20-1995
by Ord. No. 894]
The Media Borough Chief Financial Officer is hereby assigned by Section
508 of the Insurance Company Law of 1921, 40 P.S. § 638, in connection
with the issuance of fire loss certifications and collection of funds paid
by insurers in settlement of outstanding municipal taxes and claims against
fire damaged buildings or structures located within Media Borough, for the
collection of funds paid by insurers as security against the total cost incurred
by the borough for the removing, repairing or securing of fire damaged buildings
and structures located within Media Borough; for the establishment and administration
of a separate account for deposit of such security funds; and for the distribution
of such security funds.
The Borough Council may by resolution adopt procedures and regulations
to implement Act 98 of 1992 and this article and may by resolution fix reasonable
fees to be charged for municipal activities or services provided pursuant
to Act 98 of 1992 and this article; including but not limited to issuance
of certificates and bills, performance of inspections and opening separate
fund accounts.
Any owner of property, any named insured or any insuring agent who violates
this article shall be subject to a penalty of up to $1,000 per violation.