[Ord. No. 1806, § 1]
As permitted by N.J.S.A. 17:36-8 et seq. (P.L. 1978, c. 184),
the payment to a claimant by an insurance company of any fire damage
claim in excess of $2,500 on any real property located within the
Township of Teaneck, pursuant to any fire insurance policy issued
or renewed after the date of the adoption of this article and its
filing with the State Commissioner of Insurance, is hereby prohibited
until such time as all taxes, assessments and other municipal liens
or charges due and payable shall have been paid, either by the owner
of such real property or by the insurance company.
[Ord. No. 1806, § 2]
Notwithstanding the provisions of Section 15-6 of this article, the Township Council may enter into agreement, not in conflict with tax law, with the owner of any fire-damaged property regarding payment of said taxes, assessments and other municipal liens or charges if it is satisfied that the insurance proceeds will be used to restore or improve the fire-damaged property and may thereupon issue a resolution authorizing the insurance company to make full payment on the claim to the insured party.
[Added by Ord. No. 10-2018, 5-15-2018]
The Tax Collector of the Township of Teaneck shall omit from
the tax sale list any property for which the arrearage in taxes, liens,
and interest is $150 or less.
