[Adopted 5-2-1983 by Ord. No. 175 (Ch. 24, Part 5, of the 1992 Code of Ordinances)]
[Amended 12-7-1992 by Ord. No. 202]
The Council finds that all areas of Avis Borough zoned for industrial use shall be determined to be deteriorated areas as defined in Act 76 of 1977, 72 P.S. § 4724, and all industrial, commercial and other business property located within such zoning districts shall be considered deteriorated property and eligible for tax exemption.
As used in this article, the following terms shall have the meanings indicated:
DETERIORATED PROPERTY
Any industrial, commercial or other business property owned by an individual, association or corporation, and located in an eligible deteriorated area as established by this article or any amendment hereto.
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 brought into compliance with laws, ordinances and regulations governing such standards. Ordinary upkeep and maintenance shall not be deemed an improvement.
[Amended 12-7-1992 by Ord. No. 202]
A. 
The following schedule of exemptions, with respect to improvement of deteriorated property, is hereby adopted with the exemption to be granted on the increase in assessment attributable to the actual cost of improvements:
Improvement Exemption Schedule
Year
Percentage of Deduction on Improvements
Percentage of Tax Collected on Increased Assessment
1
100%
0%
2
100%
0%
3
70%
30%
4
40%
60%
5
20%
80%
B. 
The exemption from tax as authorized by this article shall be upon the property exempted and shall not terminate upon the sale or exchange of the property.
Any person desiring tax exemption pursuant to this article shall apply to the Zoning Officer at the time a building permit is secured for construction. The procedure for obtaining exemption shall be in accordance with the provisions of the Local Economic Revitalization Tax Assistance Act 1977, Dec. 1, P.L. 237, 72 P.S. § 4722 et seq.