[Adopted 5-9-1990 as Ord. No. 90-016]
Any request for an official certificate of search for municipal liens
shall specify that the search concerns fire damaged property.
If an appeal is taken on the amount of any lien or charge other than
an appeal on the assessed valuation of real property pursuant to N.J.S.A.
54:3-21, the insurance company shall issue a draft payable to the court of
record to be held by the court in an interest bearing escrow account in the
state or federally chartered bank, savings bank or savings and loan association
in the state in an amount totaling seventy-five percent (75%) of the full
amount of the lien or charge being contested, but not to exceed the proceeds
payable under its insurance policy, and the insurance company shall issue
a draft payable to the municipality for the remaining twenty-five percent
(25%) of the lien or charge being contested with the full amount paid by the
insurance company to the court and the municipality not to exceed the proceeds
payable under its insurance policy pending termination of all proceedings,
at which time such moneys and all interest accruing thereon at a rate paid
on interest bearing accounts in state or federally chartered banks, savings
bank or savings and loan association to the state shall be disbursed in accordance
with the final order or judgment of the court.
The Municipal Council of the City of Paterson may by resolution enter into an agreement with the owner of any fire-damaged property situated in the City of Paterson 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 or for the payment in full of any anticipated costs of demolition by installment, if the Municipal Council is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property.