[Ord. 1216, 2/13/2006]
As used in this Part, the following words and phrases shall
have the meaning set forth below:
Any industrial, commercial or other business property owned
by an individual, association or corporation, and located in a deteriorating
area, as provided by ordinance of Council, or and such property which
has been the subject of an order by the Bristol Borough requiring
the unit to be vacated, condemned or demolished by reason of noncompliance
with laws, ordinances or regulations of the Borough of Bristol.
Repair, construction or reconstruction, including alterations
or additions, having the effect of rehabilitating a deteriorated property
so that it becomes habitable or 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.
The Bristol Borough Council.
The Borough of Bristol, Bristol Borough School District and
the County of Bucks.
[Ord. 1216, 2/13/2006]
1.
The Council of Bristol Borough has designated the following areas
as deteriorated:
A.
All that parcel or parcels of land located in the Borough of Bristol
at 1414 Radcliffe Street, known as tax parcels 04-22-048 and 04-22-049
acquired for redevelopment in cooperation with the Redevelopment Authority
of the County of Bucks and Bristol Borough and designated for redevelopment
as commercial and retail space.
B.
All commercial, industrial or local business properties located in
these areas may be eligible to participate in this tax exemption program.
[Ord. 1216, 2/13/2006]
1.
The amount to be exempted shall be limited to:
A.
The additional assessment valuation attributable to the actual costs
of improvements to deteriorated property.
2.
The exemption shall be limited to that improvement for which an exemption
has been requested in the manner set forth below, and for which a
separate asset has been made by the local taxing authority.
[Ord. 1216, 2/13/2006]
1.
For the first through the 10th year for which improvements would
otherwise be taxable, 55% of the eligible assessment shall be exempted
and after the 10th year the exemption shall terminate.
2.
The exemption from taxes granted under this Part shall be upon the
property and shall not terminate upon the sale or exchange of property.
The schedule of exemptions shall be as follows:
|
Year of Improvement
|
Amount Exempted
|
|---|---|
|
1
|
55%
|
|
2
|
55%
|
|
3
|
55%
|
|
4
|
55%
|
|
5
|
55%
|
|
6
|
55%
|
|
7
|
55%
|
|
8
|
55%
|
|
9
|
55%
|
|
10
|
55%
|
[Ord. 1216, 2/13/2006]
1.
There shall be placed on the form application for the building, zoning
and alteration permits the following:
|
NOTICE TO TAXPAYERS
| ||
|
1.
|
Under the provisions of this Part you may be entitled to a property
tax exemption on your contemplated alteration or new construction.
An application for exemption may be secured from the Code Enforcement
Office and must be filed with the Borough of Bristol at the time of
a building or alteration permit is secured.
| |
|
2.
|
At the time a building or alteration permit is secured for the
construction of an improvement for which an exemption is requested
the taxpayer shall apply to the Borough of Bristol or any successor
agent for the exemption provided for in this Part.
| |
|
3.
|
Request for the exemption must be in writing certified in full
as prescribed by the Borough of Bristol setting for the following
information:
| |
|
A.
|
The date the building permit or alteration permit was issued
for said improvements.
| |
|
B.
|
The type of improvement.
| |
|
C.
|
The summary of the plan of the improvement.
| |
|
D.
|
The cost of the improvement.
| |
|
E.
|
Any or all such additional information required by the Borough.
| |
[Ord. 1216, 2/13/2006]
1.
A copy of the request for exemption shall be forwarded to the County
of Bucks Assessment Office by the Council. Upon completion of the
improvement or new construction, the taxpayer shall notify the Council
so that the Council may have the Assessor assess the improvements
separately for the purpose of calculating the amount of reassessment
eligible for tax exemption in accordance with the limits established
in this Part.
2.
The Borough of Bristol will then obtain from the assessor the amount
of the assessment eligible for the Borough of Bristol exemption, and
will notify the taxpayer. Appeals from the assessment and the amount
eligible for the exemption may be taken by the taxpayer or the Borough
as provided by law.
[Ord. 1216, 2/13/2006]
Unless otherwise repealed by Council, this Part shall terminate
on February 13, 2016. Nothing contained herein shall act to prohibit
the Council of the Borough of Bristol from enacting a similar ordinance
or extending this Part. Any property tax exemptions granted under
the provisions of this Part shall be permitted to continue according
to the exemption schedule even if this Part expires or is repealed.
