[HISTORY: Adopted by the Mayor and Council of the Borough of Lindenwold 12-9-1992 by Ord. No. 918 (Ch. 110 of the 1981 Code). Amendments noted where applicable.]
Fire prevention — See Ch. 160.
Any payment to a claimant by any insurance company of any claim in excess of $2,500 for fire damage on any real property located within the Borough of Lindenwold pursuant to any fire insurance policy issued or reviewed after the effective date of this chapter is prohibited until such time as all taxes and assessments and all other municipal liens or charges due and payable appearing on the official certificate of search shall have been paid by either the owner of the real property or by the insurance company.
In the event that the Borough Council is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property, Borough Council may, by resolution, enter into an agreement with the property owner of any fire-damaged property 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 the tax sale lien by installment payments pursuant to N.J.S.A. 54:5-65 et seq.
Upon adoption of this chapter, the Borough Clerk shall file a certified copy of this chapter with the State Commissioner of Insurance.