[Ord. 956, 5/15/2014]
The following words and phrases when used in this Part shall
have the following meaning:
BOROUGH COUNCIL
The governing body formed and assembled as the Borough Council
of Elizabethtown Borough, Lancaster County, Pennsylvania.
DETERIORATED AREA
Any area meeting the requirements of the Local Economic Revitalization
Tax Assistance Act, 72 P.S. § 4722 et seq.
DETERIORATED PROPERTY
Any industrial, commercial or other business property owned
by an individual, association, or corporation, and located in deteriorated
areas, as hereinafter provided, or any such property which has been
the subject of an order by a government agency requiring the unit
to be vacated, condemned or demolished by reason of noncompliance
with laws, ordinances, or regulations. Ordinary upkeep and maintenance
shall not be deemed an improvement and should not result in an increased
assessed value and taxation.
IMPROVEMENT
Repair, construction or reconstruction, including alterations
and 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.
LERTA
Abbreviation for the Local Economic Revitalization Tax Assistance
Act, the Act of December 1, 1977, P.L. 237, No. 76, 72 P.S. § 4722
et seq.
[Ord. 956, 5/15/2014; as amended by Ord. No. 993, 5/16/2019]
The Borough Council determines that the properties identified
below shall be the area which contains and consists of deteriorated
properties which are eligible for tax exemption under this Part. Additional
eligible areas may be included from time to time by ordinance of the
Borough Council. The properties included within the deteriorated area
and subject to the benefits of this Part are as follows:
Lancaster County Tax Account No.
|
Address
|
Record Owner
|
---|
2503157800000
|
28 South Market Street
|
South Market Street, LP
|
2506571100000
|
206 South Market Street
|
Market Street Ventures Group LLC
|
2500871500000
|
18 North Market Street
|
Loyal Order of Moose 596
|
[Ord. 956, 5/15/2014; as amended by Ord. No. 993, 5/16/2019]
An application for exemption under the provisions of this Part,
as enacted by Ordinance No. 956, shall be made within five years of
the effective date of such ordinance, May 15, 2014. An application
for exemption for properties identified in § 602, as amended
by Ordinance No. 993, may be made at any time within five years from
the effective date of such ordinance. All qualified applications under
this Part are eligible for the entire ten-year exemption schedule.
[Ord. 956, 5/15/2014]
The Borough may, by ordinance adopted from time to time, extend
the time for filing an application for exemption. However, in no event
shall any one extension period exceed five years.
[Ord. 956, 5/15/2014]
The exemption from real estate taxes provided for herein shall
be forfeited by the applicant and/or subsequent owner of the real
estate for the failure to pay any nonexempt real estate taxes by the
last day of the time period to pay such taxes in the penalty period.
Upon receipt of the notice of nonpayment of nonexempt real estate
taxes, the Borough Manager shall discontinue the LERTA exemption.