[Adopted 2-9-2005 by Ord. No. 2005-02]
A. 
Whereas, the Board of Commissioners of the County of York recognizes the need to encourage investment in areas within a defined geographic and political boundary of Springettsbury Township described as follows:
(1) 
601 Memory Lane, York County Tax District 46, Map JI, Part of Tax Parcel 20, consisting of a vacant office building of approximately 42,000 square feet more fully shown on the plan attached hereto as an exhibit to this article ("Real Property");[1] and
[1]
Editor's Note: Said plan is on file in the County offices.
B. 
Whereas, the area constituting the Enhanced KOEZ is experiencing economic distress characterized by low investment of new capital, blighted conditions and underutilized, obsolete or abandoned structures; and
C. 
Whereas, the Pennsylvania Keystone Opportunity Expansion Zone and Keystone Opportunity Expansion Zone Act, as amended by the Act of 2003, Dec. 23, P.L. 360, No. 512, hereinafter referred to as the "Act," authorizes political subdivisions to apply to the Department of Community and Economic Development (DCED) for designation of an area within their respective political boundaries as an enhancement of an existing Keystone Opportunity Expansion Zone and, as a precondition of such application, to enact a resolution which provides within the designated and approved Enhanced KOEZ exemptions, deductions, abatements or credits from all local taxes identified in the Act, which resolution will be contingent only upon DCED's approval of the application; and
D. 
Whereas, enactment of such exemption will result in improving both the economic, physical and social conditions within the Enhanced KOEZ by stimulating existing business' employment, creating new employment and diminishing blight; and
E. 
Whereas, it is expected that increased private and public sector investment will reverse the disinvestment and conditions of blight within the proposed Enhanced KOEZ as hereinafter provided; and
F. 
Whereas, the County of York, Springettsbury Township and York Suburban School District are participating in an application to DCED seeking approval of the Enhanced KOEZ.
Effective as of January 1, 2004, contingent only upon DCED's approval of the application for the Enhanced KOEZ, the following provisions shall apply for a period commencing January 1, 2004, and expiring on December 31, 2013:
A. 
The Real Property in the Enhanced KOEZ is exempt from the payment of property taxes in accordance with the provisions and limitations hereinafter set forth in accordance with the Act;
B. 
The exception shall be 100% of the real property taxation on the assessed valuation of the real property within the Enhanced KOEZ;
C. 
This article also waives, if applicable, the collection of business gross receipts tax for operations conducted by a qualified business; earned income tax received by a resident and/or net profits of a qualified business received by a resident or nonresident of the Enhanced KOEZ attributable to business activity conducted within the Enhanced KOEZ.
D. 
The provisions of the Act not herein enumerated, shall, nevertheless, be incorporated as part of this article by reference.
E. 
This article shall become effective immediately upon its adoption, contingent and conditioned only upon the prior approval by DCED of the application with respect to the Enhanced KOEZ.