[HISTORY: Adopted by the Township Committee of the Township of West
Amwell as indicated in article histories. Amendments noted where applicable.]
[Adopted 4-17-1996 by Ord. No. 3-96]
A. No insurance company authorized to issue fire insurance
policies in the State of New Jersey shall pay to a claimant any claim in excess
of $2,500 for fire damages on any real property located within the Township
of West Amwell pursuant to any fire insurance policy issued or renewed after
the adoption of this article and the filing of this article with the State
Commissioner of Insurance, until such time as:
(1) All taxes and assessments and all other municipal liens
or charges due and payable appearing on the official certificate of search
for municipal liens pursuant to N.J.S.A. 54:5-12 shall have been paid either
by the owner of such real property or by the insurance company;
(2) The insurance company receives an official certificate
on a form approved by the Township Committee and certified by the Clerk stating
that there is no demolition required on the property or, alternately, that
the costs of demolition have been paid. If the demolition has not yet occurred
on the date of receipt by the Township of a request for execution of the certificate
required by this section, the insured shall provide on that certificate an
estimate of the anticipated cost of demolition to the Township, which shall
hold the funds in an interest bearing escrow account in a state or federally
chartered bank, savings bond or savings and loan association in this state
as a guarantee that the demolition will be accomplished according to law.
Any request, pursuant to this section for an official certificate of search
for municipal liens shall specify that the search concerns fire-damaged property;
or
(3) The municipality submits to the insurance company a certified copy of a resolution adopted pursuant to §
106-2 of this article.
B. In the event of such a resolution, a certified copy of
said resolution shall be sent to the insurance company authorizing the insurance
company to make full payment on the claim to the insured.
A. The Township Committee of the Township of West Amwell
may by resolution enter into an agreement with the owner of any fire-damaged
property situated in the Township of West Amwell to pay in full all delinquent
taxes, assessments or other municipal liens by installments pursuant to N.J.S.A.
54:5-19 or for the redemption of a tax sale lien by installment payments pursuant
to Article 7 of Chapter 5 of Title 54 of the Revised Statutes of New Jersey
if the Township Committee is satisfied that the claim for fire damages is
to be used to restore or improve the fire-damaged property or, alternately,
if the full estimated cost of demolition has been paid to the municipality
or the damaged structure has been demolished in accordance with law.
B. In the event of such a resolution being adopted, a certified
copy of said resolution shall be sent to the insurance company to make full
payment on the claim to the insured.