The following words and phrases when used in this article shall
have the following meanings:
DETERIORATED PROPERTY
Any industrial, commercial or other business property owned
by an individual, association, or corporation, and located in a deteriorating
area, 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, ordinance, or regulations.
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.
The Board of Supervisors determines that York County Tax Map
Parcel 4600KI0235B0000000, as further described on Exhibit A attached
hereto shall be the area which constitutes a deteriorated property
which is eligible for tax exemption under this article. Additional
eligible areas may be included from time to time by resolution of
the Board of Supervisors.
An application for exemption may be made at any time within
three years from the effective date of this article. All qualified
applications under this article are eligible for the entire exemption
schedule.
The Township may, by resolution adopted from time to time, extend
the time for filing an application for exemption. However, in no event
shall any one extension period exceed three years.
The exemption from real estate taxes provided for herein shall
be forfeited by the applicant and/or any 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 Township Tax Collector shall discontinue the LERTA exemption.