The Council of the Borough of East Stroudsburg, by resolution, has designated
several deteriorated properties and/or deteriorated areas pursuant to the
definitions herein contained within the Borough of East Stroudsburg which
are identified as Areas I through V and for which a description is attached
as Exhibit A.
Unless otherwise repealed by Council, this article shall terminate on
December 31, 2005. However, any exemptions approved prior to that date will
remain in effect. Nothing contained herein shall act to prohibit the Council
of the Borough of East Stroudsburg from enacting a similar ordinance or from
extending this one. 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schedule even if this article expires or is repealed.
This article is contingent upon approval of similar resolutions by the
East Stroudsburg Area School District Board of Directors and the Monroe County
Commissioners. In the event that either the East Stroudsburg Area School District
Board of Directors or the Monroe County Commissioners fail to approve a resolution
adopting the tax assistance program or substantially alter the program herein
adopted, this article shall be null and void.