Unless the context specifically and clearly indicates otherwise,
the meaning of terms and phrases used in this article shall be as
follows:
ACT or LERTA
The Local Economic Revitalization Tax Assistance Act of the
Commonwealth, Act No. 1977-76, as amended and supplemented.
BOROUGH
The Borough of Danville, Montour County, Pennsylvania, acting
by and through its Borough Council or, in appropriated cases, acting
by and through its authorized representatives.
COUNTY
The County of Montour, Pennsylvania, acting by and through
its Board of County Commissioners, or, in appropriate cases, acting
by and through its authorized representatives.
ELIGIBLE PROPERTY
Any industrial, commercial or other business property located
in the designated area.
IMPROVEMENT
Repair, construction or reconstruction, including alterations
and additions, having the effect of rehabilitating any industrial,
commercial or other business property owned by an individual, association
or corporation and located in the designated area. "Improvements"
does not include any ordinary upkeep or maintenance.
PERSON
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipality authority or other
group or entity.
SCHOOL DISTRICT
The Danville School District, Montour County, Pennsylvania,
acting by and through its Board of School Directors, or, in appropriate
cases, acting by and through its authorized representatives.
The tax exemption shall be forfeited by the original applicant
and/or any subsequent owner for failure to pay nonexempt real estate
taxes by their due date on the exempt property.
This article shall become effective immediately.
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 article, it being the intent of the Borough that such
remainder shall be and shall remain in full force and effect.
It is declared that enactment of the article and the provisions
hereof are necessary for the protection, benefit and preservation
of the health, safety and welfare of inhabitants of this Borough.