Public Notice: 05/30/2025 [67f1d673f8c51e769beac1a2f927f9f0]

PUBLIC NOTICE PUBLIC HEARING PLEASE TAKE NOTICE that the Board of Supervisors of Price Township, Monroe County, Pennsylvania will hold a public hearing at the Price Township Municipal Building, 10 Barren Road, East Stroudsburg, Monroe County, Pennsylvania, on Wednesday, June 18 at 6:00 p.m. to consider the enactment of a Fire Insurance Escrow Ordinance. A copy of the proposed Ordinance may be examined without charge or obtained for a charge not greater than the cost thereof, at the Price Township Municipal Building, at the address set forth above, Monday through Friday from 8 a.m.-4 p.m. A summary of the Ordinance is set forth as follows: SECTION 1 provides procedures for the escrow of fire insurance proceeds when damage exceeds $7,500, ensuring funds are available for the removal, repair, or securing of damaged structures to prevent blight. SECTION 2 authorizes the Township to apply insurance proceeds toward delinquent taxes and municipal costs associated with fire-damaged properties before releasing funds to the insured. SECTION 3 mandates that insurance proceeds subject to escrow be transferred to the Township on a pro rata basis by all insurers involved. SECTION 4 authorizes the Township Board of Supervisors to adopt implementation procedures and set reasonable fees related to the ordinance. SECTION 5 cites the statutory authority under Pennsylvania law for enacting the ordinance. SECTION 6 defines the term fire loss or claim for fire damage as used in the ordinance. SECTION 7 directs that the ordinance be liberally construed to deter arson, property abandonment, and blight. SECTION 8 requires the Township to notify the Pennsylvania Department of Community and Economic Development upon enactment of the ordinance. SECTION 9 imposes penalties of up to $1,000 for violations of the ordinance by property owners, insureds, or insurers. SECTION 10 provides a severability clause to preserve the validity of the ordinance if any part is deemed invalid. SECTION 11 repeals any conflicting prior ordinances. SECTION 12 sets the ordinance's effective date as five days after adoption. BOARD OF SUPERVISORS OF PRICE TOWNSHIP Richard R. Mosher, Secretary NEWMAN WILLIAMS, P.C. ROBERT J. KIDWELL, ESQUIRE 712 Monroe Street Stroudsburg, PA 18360 Solicitors May 30 2025 LSOM0304714