The Township Manager shall be responsible for carrying out the administrative
duties set forth herein, unless otherwise specified.
In the event of a loss incurred subsequent to the adoption date of this chapter as a result of fire to a structure located within the Township of Pine, the Township Manager shall receive from the applicable insurance carrier such of the proceeds of insurance policies on such fire-damaged property as is provided for in Section 1 of Act 98 of 1992, amending Section 508, the Insurance Company Law of 1921, 40 P.S. § 638(c), and shall hold such proceeds as a separate escrow fund (hereinafter "fund") in accordance with §
107-3 of this chapter.
The Township Manager shall segregate the fund described in §
107-2 of this chapter and shall use such separate fund only to pay the items set forth in the certificate and bill provided for in §
107-6A(2) of this chapter or as security for the total costs, if any, incurred by Pine in removing, repairing or securing the insured, fire-damaged structure.
Upon receipt from the insurer of the name and address of the insured,
the Township Manager shall certify to the insured, in writing, that Pine has
received the fund and shall notify the insured that Pine shall follow the
procedures detailed in Section 1 of Act 98 of 1992, 40 P.S. § 638(d),
for use of the fund and for the ultimate transfer of any remaining part of
the fund to the insured following repair, removal, demolition or other reasonable
disposition of the fire-damaged, insured structure.
When the Township Manager has received adequate proof that the insured,
fire-damaged structure has been repaired, removed, demolished or otherwise
reasonably disposed of, as may be applicable, the Township Manager shall return
the fund to the insured, less any delinquent taxes, assessments, penalties
or user charges against the property and any costs incurred by Pine in the
repair, removal or securing of the structure.