As used in this chapter, the following terms shall have the
meanings indicated:
ACT or LERTA
Local Economic Revitalization Tax Assistance Act of the Commonwealth,
72 P.S. § 4722 et seq., as amended.
BOROUGH
Borough of Bridgeport, Montgomery County, Pennsylvania, acting
by and through its Borough Council, or acting by and through its authorized
representatives.
COUNTY
County of Montgomery, Pennsylvania, acting by and through
its Board of County Commissioners, or acting by and through its authorized
representatives.
DESIGNATED AREA
The area within the Borough identified in this chapter and
attached as Exhibit A.
ELIGIBLE PROPERTY
Any industrial, commercial or other business property located
within the designated area. Property adjacent to areas meeting the
criteria of this section, but which would not otherwise qualify, may
be included within the designated area, if the local taxing authorities
determine that new improvements on such property would encourage,
enhance or accelerate improvement of the properties within the designated
area, and adopt appropriate amends to this legislation, as required
by the Act.
IMPROVEMENT(S)
Repair, construction, or reconstruction, including alterations
and additions, having the effect of rehabilitating an eligible property
owned by a person located within the designated area 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; "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.
SCHOOL DISTRICT
Upper Merion Area School District, Montgomery County, Pennsylvania,
acting by its Board of School Directors, or, in appropriate cases,
acting by and through its authorized representatives.
The Borough hereby designates the area within the following
boundaries as a "deteriorated area" determined within the meaning
of the Act, and one in which the local taxing authorities may grant
a tax exemption pursuant to the provisions of the Act. All parcels
that qualify as "eligible properties," and are within the designed
"deteriorated area," are specifically delineated via the list attached
to this ordinance as Exhibit A.
The provisions of this chapter shall expire upon the 10th anniversary
of its enactment, unless extended by ordinance duly adopted. Any property
tax exemptions granted under the provisions of this chapter shall
be permitted to continue according to the exemption schedule even
if this chapter expires or is repealed.
Appeals from the reassessment and the amounts eligible for exemption
under this chapter may be taken by the taxpayer or the local taxing
authorities as provided by law.