[Adopted 6-21-1994 by Ord. No. 93-26]
All owners of residential properties which are
rented to tenants for residential purposes shall maintain adequate
insurance coverage to insure that the costs of demolition of such
properties shall be paid pursuant to one or more policies of insurance
covering such dwellings, buildings or residences.
In the event of any occurrence, including but
not limited to fire, wind, water damage, upset or other casualty which
renders any residential rental property unfit for human habitation
or which results in the condemnation of such property or properties,
the owner thereof shall notify the Division of Housing and Code Enforcement
of the City of Bridgeton of such damage within the 10 days of the
occurrence thereof.
No owner of a residential property which is
rented to others for residential use, in whole or part, shall be issued
a certificate of occupancy for such premises until and unless evidence
of adequate insurance coverage to indemnify for the cost of demolition
and let clearance for such premises has been presented to the Division
of Housing and Code Enforcement of the City of Bridgeton.
Upon annual registration, the owner of any residential
property which is rented to others for residential use shall present
to the Division of Housing and Code Enforcement of the City of Bridgeton,
a certificate of insurance setting forth the limits of insurance coverage
and indemnifying the City of Bridgeton against demolition costs which
may be incurred for the demolition of such premises. The limits of
such insurance shall not be less than the assessed value of such property
or properties.
