As used in this article, the following terms
shall have the meanings indicated:
BUSINESS PROPERTY
Any industrial, commercial or other business property located
in the deteriorated neighborhood or area.
DETERIORATED NEIGHBORHOOD OR AREA
That area which the Borough, after a public hearing, hereby
finds to be a deteriorated neighborhood or area, which deteriorated
neighborhood or area is commonly known as the proposed historic district,
the boundaries of which are shown on a map available for inspection
at the office of the Borough Secretary, which is also attached to
this article.
DWELLING UNIT
A house, apartment or group of rooms intended for occupancy
as separate living quarters by a family or other groups or a person
living alone, containing a kitchen or cooking equipment for the exclusive
use of the occupants.
IMPROVEMENT
Repair, construction or reconstruction, including alterations
and additions, having the effect of rehabilitating a structure, or
that attains higher standards of safety, health, economic use or amenity,
or is brought into compliance with laws, ordinances, or regulations
governing such standards. Ordinary upkeep and maintenance shall not
be deemed an improvement.
RESIDENTIAL CONSTRUCTION
The building or erection of dwelling units, as defined above,
on vacant land or land specifically prepared to receive such structures.
There shall be exempt from Borough of Chambersburg
real estate taxation the assessed value of residential construction
or improvements made between the effective and termination dates of
this article to dwelling units and business properties in the deteriorated
neighborhood or area, in the amounts and in accordance with the schedules
and limitations hereinafter provided.
Unless otherwise repealed by the Borough, this
article shall terminate on December 31, 1984; provided, however, that
any requests based on improvements made on or before the termination
date shall be processed as if this article had not been terminated.
Any property tax exemptions granted under the provisions of this article
shall be permitted to continue according to the exemption schedule,
even if this article expires or is repealed.