[HISTORY: Adopted by the Council of the City of Watervliet: Art. I, 4-20-1972 as Art. IX of Part II, Charter Appendix, of the Code of Ordinances of 1972. Amendments noted where applicable.]
Taxation — See Ch. 253.
Article I Fire Insurance Proceeds
By Chapter 738 of the Laws of 1977, the New York State Legislature amended the General Municipal Law by adding § 22, and amended the Insurance Law by adding §§ 33-a and 168-c; and said Chapter 738 of the Laws of 1977 of the New York State Legislature provides that outstanding real property taxes and other municipal charges constitute a lien against the proceeds of fire insurance policies and provides for the enforcement thereof in certain cases; and provisions of said Chapter 738 of the Laws of 1977 of the New York State Legislature are incorporated by reference herein and made a part hereof.
The City of Watervliet may release or return to the insured any amounts to which the City of Watervliet would otherwise be entitled to claim, provided that the insured agrees with the City of Watervliet, in writing, to restore the affected premises to the same or improved condition that it was in prior to the time that the lien of the City of Watervliet against said fire insurance proceeds arose.