This article is a Local Economic Revitalization Tax Assistance
Ordinance and shall be known and cited as the "North East Borough
LERTA Ordinance."
As used in this article, the following terms shall have the
meanings indicated:
DETERIORATED COMMERCIAL PROPERTY
Any industrial, commercial or other business property owned
by an individual, association or corporation which is located in an
investment opportunity area as hereinafter provided.
DETERIORATED RESIDENTIAL PROPERTY
Any multiple-family dwelling or dwelling unit within a commercial/residential
structure which is located in an investment opportunity area, as hereinafter
provided.
DWELLING UNIT
One or more rooms for living purposes, together with separate
cooking and sanitary facilities, used or intended to be used by one
or more persons living together and maintaining a common household
and accessible from the outdoors either directly or through an entrance
hall shared with other dwelling units.
DWELLING, MULTIPLE FAMILY
A building arranged or used as a residence for two or more
families living independently of each other and doing their own cooking
therein, including apartment houses, flats, group houses, condominiums.
IMPROVEMENTS
Repair, construction or reconstruction, including alterations
and additions, having an 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 and increases
its assessments. Ordinary upkeep and maintenance shall not be deemed
an improvement.
INVESTMENT OPPORTUNITY AREA
That area, recommended as the proposed LERTA District on
Page 110 of the North East Regional Comprehensive Plan update, adopted
by North East Borough Council (pursuant to a public hearing) on February
14, 1983, within North East Borough which is eligible for tax exemption
under PA Act 76 of 1977 and PA Act 42 of 1977 and PA Act 34 of 1971.
LOCAL TAXING AUTHORITY
North East Borough or the North East School District or the
County of Erie, Erie County Pennsylvania.
NEW RESIDENTIAL CONSTRUCTION
Any new multiple-family dwelling or new dwelling unit within
a commercial/residential structure built or erected, upon vacant land
existing structures, after the adoption of this article by North East
Borough Council located within the investment opportunity area.
[Amended 4-3-1995 by Ord. No. 756]
The following specific properties encompass the North East Borough
LERTA District, which is generally situated at or near the intersection
of Route 20 and Route 89. These properties are delineated by their
Erie County Assessment Reference Numbers and any subsequent changes
to these properties by replotting of lot lines or subdivision into
smaller lots shall also be included in the North East Borough LERTA
District.
District
|
Map
|
Block
|
Parcels
|
---|
35
|
2
|
16
|
12, 13, 14
|
35
|
5
|
27
|
6
|
35
|
5
|
28
|
1, 1.01, 2, 3, 4, 5, 6, 7
|
35
|
5
|
29
|
1, 2, 3, 4, 5, 6, 7, 8
|
35
|
8
|
55
|
3, 4, 5, 9, 11, 16
|
35
|
7
|
54
|
10, 11, 12, 14
|
35
|
7
|
53
|
16, 17
|
36
|
2
|
15
|
23, 24, 24, 26, 27, 29, 30, 31, 32, 33, 34, 35, 36
|
36
|
5
|
30
|
1, 3, 4, 5, 6, 7, 13, 14
|
36
|
5
|
31
|
1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 13.01, 14
|
36
|
5
|
32
|
1, 2, 30, 31
|
36
|
5
|
33
|
1, 2, 3, 4, 5, 6, 7, 8, 9, 27, 28, 29, 31, 32, 33
|
36
|
5
|
43
|
1, 1.0
|
36
|
4
|
|
6, 7, 8
|
36
|
4
|
36
|
10.02, 12, 13, 14.01
|
36
|
10
|
38
|
7, 8, 9, 10, 11
|
36
|
10
|
63
|
1, 2, 3, 3.01, 4
|
36
|
10
|
62
|
1, 2
|
36
|
10
|
60
|
12
|
36
|
10
|
44
|
4, 5, 6, 7, 8, 9, 10, 11
|
36
|
10
|
41
|
9, 10
|
36
|
11
|
64
|
1, 2, 3, 4, 4.01, 5, 13, 14
|
[Amended 9-8-1987 by Ord. No. 723]
A. The exemption from real property taxes shall be according to the
following schedule. This exemption shall commence in the tax year
in which the improvement is completed which shall for purposes of
this article be the year following the issuance of the building permit
or, if a permit is not required, in the year immediately following
the year in which construction commences unless the owner certifies
in writing that the improvement has not been completed. In that event
the completed portion of the improvement shall be fully assessed and
taxed and the exemption shall commence in the year following the year
in which the owner certifies in writing completion of the improvement.
(1) Deteriorated commercial property. For the first five years during
which the improvement becomes assessable, 100% of the eligible assessment
shall be exempted.
(2) New residential construction. For the first three years during which
the improvement becomes assessable, 100% of the eligible assessment.
(3) Deteriorated residential property. For the first five years during
which the improvement becomes assessable, the following shall apply:
(a)
First year: 100% exemption.
(b)
Second year: 80% exemption.
(c)
Third year: 60% exemption.
(d)
Fourth year: 40% exemption.
(e)
Fifth year: 20% exemption.
B. The exemption from taxes granted under this article upon a property
shall not terminate upon the sale or exchange of the property.
C. If an eligible improvement is granted tax exemption pursuant to this
article, the improvement shall not, during the exemption period, be
considered as a factor in assessing either other subsequent improvements
to the same property or other properties.