17:36-11 - Resolution of agreement with owner to pay liens or costs in installments; authorization for payment of claim in full - New Jersey Statutes

17:36-11.  Resolution of agreement with owner to pay liens or costs in installments;  authorization for payment of claim in full    The governing body of the municipality in which the fire damaged property is  located may enter into agreement with the owner of any fire damaged property to  pay in full all delinquent taxes, assessments or other municipal liens by  installments pursuant to R.S. 54:5-19 or for the redemption of the tax sale  lien by installment payments pursuant to Article 7 of chapter 5 of Title 54 of  the Revised Statutes, or for the payment in full of any anticipated costs of  demolition by installment, if the governing body of the municipality is  satisfied that the claim for fire damages is to be used to restore or improve  the fire damaged property.  An insurance company receiving a certified copy of  a resolution of agreement from the governing body of the municipality is  authorized to make full payment on the claim to the insured person.

     L.1978, c. 184, s. 4.  Amended by L.1984, c. 244, s. 4, eff. Jan. 3, 1985.