[Amended 11-11-1993 by Ord. No. 529; 3-13-1997 by Ord. No. 553]
A. The Board of Township Commissioners hereby designates the property partially zoned I Industrial and partially zoned C-2 Highway Commercial as set forth in Exhibit A, containing approximately 15.7 acres, more or less, since it has been landfilled with construction and other debris; is overgrown; has extensive wetlands and floodplains; has steep topography requiring extensive fill and balancing; has an abandoned underground petroleum pipeline; and is a location for dumping and/or accumulation trash. In addition, sewer and water must be made available to the site. It is determined that said property will not be improved unless a tax exemption is granted for any improvement made to said land.
B. The area designated as deteriorated, in accordance with said Act No. 76, is more fully described in Township Ordinance No. 444.
Subject to the schedule hereinafter set forth, there is hereby exempted from all real property taxation that portion of the additional assessment attributable to the actual costs of improvements to the designated deteriorated property.
As used in this article, the following terms shall have the meanings indicated:
IMPROVEMENTS Repair, new construction or reconstruction, including alterations or additions, having the effect of rehabilitating the deteriorated property so that it becomes habitable, usable and attains higher standards of safety, health, economic use or amenity, and is brought into compliance with laws, ordinances or regulations governing such standards.
This article shall become effective upon adoption by the Chichester School District and the County of Delaware of resolutions exempting from real property taxation the improvements to property in accordance with the terms of this article.
No amendment to this article shall be effective unless consented by resolution or ordinance, each taxing authority consent to be bound thereby.