BOROUGH OF RIVERTON

ORDINANCE NO. O-2022-08

AN ORDINANCE OF THE BOROUGH OF RIVERTON, COUNTY OF BURLINGTON, STATE OF NEW JERSEY, ADDING CHAPTER 129 TO THE CODE OF THE BOROUGH OF RIVERTON CONCERNING LIABILITY INSURANCE FOR OWNERS OF BUSINESSES AND RENTAL UNITS

PUBLIC NOTICE is hereby given that the foregoing Ordinance was introduced on the first reading by the Borough Council of the Borough of Riverton held on October 18, 2022.

This Ordinance will be considered for final adoption after a public hearing to be held on November 15,2022 at 7:00pm prevailing time at the Borough Hall 505A Howard Street, Riverton, NJ 08077.

A copy of the Ordinance may be obtained without cost by any member of the general public at the Clerk’s Office by calling 856-829-0120 on weekdays between the hours of 8:30am and 4:00pm.

EXPLANATORY STATEMENT

Upon adoption, this Ordinance would provide for the Borough the Code to create a new Chapter 129 Pertaining to Liability Insurance.

A certificate of insurance must be filed with the Borough of Riverton in the amount of $500,000 is required for all businesses and rental unit owners. The minimum coverage for multifamily home of 4 or less, one of which is owner occupied shall be $300,000. A multifamily home of 4 or less which is not owner occupied are not exempt from showing proof of liability insurance, and they must obtain and register liability insurance of $500,000.

Attest: Michelle Hack, RMC

Borough Clerk