This article shall be known as "The City of Warren LERTA District
Ordinance."
As used in this article, the following words and phrases shall
have the meaning set forth below:
DETERIORATED PROPERTY
Any industrial, commercial or other business property owned
by an individual, association or corporation and located in a deteriorating
area, as provided in this article, or any such industrial, commercial
or business property which has been the subject of an order by the
City of Warren requiring the unit to be vacated, condemned or demolished
by reason of noncompliance with laws, ordinances or regulations.
IMPROVEMENT
Repair, construction or reconstruction, including alterations
or 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 is brought into compliance with
laws, ordinances or regulations governing such standards. Ordinary
upkeep and maintenance shall not be deemed an improvement.
The entire 3.4 square mile area that comprises the City shall
be deemed a deteriorated area.
A copy of the request for exemption shall be forwarded to the
County of Warren Assessment Office by the City Codes Office. Upon
completion of the improvement or new construction, the taxpayer shall
notify the City Codes Office so that it may have the Assessor assess
the improvements separately for the purpose of calculating the amount
of assessment eligible for tax exemption in accordance with the limits
established in this article. The City of Warren will then obtain from
the Assessor the amount of the assessment eligible for exemption and
will notify the taxpayer. Appeals from the reassessment and the amount
eligible for the exemption may be taken by the taxpayer or a local
taxing authority as provided by law.