As used in this article, the following terms shall have the
meanings indicated:
DETERIORATED AREA
The real estate located in the City of Nanticoke that the
City Council of the City of Nanticoke designated as deteriorated areas
herein.
DETERIORATED PROPERTY
Any industrial, commercial or other business property located
in an eligible deteriorating area, as defined hereinafter, or any
such property which has been the subject of an order of a governmental
agency requiring the property to be vacated, condemned or demolished
by reason of noncompliance with laws, ordinances or regulations.
IMPROVEMENT
Repair, new construction or reconstruction, building alterations
or additions, having the effect of rehabilitating deteriorated property
so that it becomes habitable or attains higher standards of safety,
economic use or amenity or is brought into compliance with laws, ordinances
or regulations governing such standards. Ordinary upkeep or maintenance
shall not be deemed an improvement.
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 ten-year
exemption schedule.
The City of Nanticoke may, by Ordinance adopted from time to
time, extend the time for filing an application for exemption.
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 City of Nanticoke shall discontinue the LERTA exemption.
No amendments to this article are effective unless the City
Council of the City of Nanticoke consents to the amendment by ordinance.
This article repeals any other prior ordinance inconsistent
with this article.
If any part of this article is unenforceable to any extent for
any reason, the rest of the article will remain fully enforceable.
The administration and officials for the City of Nanticoke are
directed and authorized to take any action needed to carry out the
intent of this article.