117.14. Where, following the Division’s decision, it appears that the amount paid to the municipality by the owner is insufficient, the owner shall pay the difference to the municipality.
Where, following the Division’s decision, it appears that the total of the value of the land transferred or to be transferred and the amount paid is less than it should have been, the owner shall pay to the municipality an additional amount equal to the difference between such totals.
In addition to the capital of the amount to be paid, the owner shall also pay to the municipality the interest which would have accrued on such capital, at the rate applicable to arrears on taxes in the municipality, from the date of payment prior to the Division’s decision to the date of the payment made pursuant to this section.
The amount to be paid encumbers, as a real estate tax, the unit of assessment that includes the site. It may be recovered in the same manner as a real estate tax.