The following words and phrases, when used in this article,
shall have the meanings ascribed to them in this section, except where
the context clearly indicates or requires a different meaning:
BOROUGH
The Borough of Sellersville, Bucks County, Pennsylvania.
COUNTY
The County of Bucks, Pennsylvania.
DESIGNATED AREA
All real property identified by the current tax parcel identification
numbers listed on Exhibit A and located within the boundary set forth
on Exhibit A.
ELIGIBLE PROPERTY
Any industrial, commercial, or other business property located
in the designated area.
IMPROVEMENT
Any repair, construction, or reconstruction, including alterations
and additions, undertaken for the purpose of rehabilitating any industrial,
commercial or other business property owned by any individual, association
or corporation and located in the designated area. The term "improvement"
does not include any ordinary upkeep or maintenance.
PERSON
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipal authority, or other group
or entity.
The Borough does hereby find and declare that the designated
area constitutes a "deteriorated area" within the meaning of LERTA.
In the event any provision, section, sentence, clause or part
of this article shall be held to be invalid, such invalidity shall
not affect or impair any remaining provision, section, sentence, clause
or part of the Ordinance, it being the intent of the Borough that
such remainder shall be and shall remain in full force and effect.
This article shall become effective immediately.