As used in this chapter, 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 "deteriorated
area," as provided by resolution of the Board or any such property
which has been the subject of an order by the Board or other governmental
agency requiring the unit to be vacated, condemned or demolished by
reason of noncompliance with laws, ordinances or regulations.
IMPROVEMENT(S)
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 Board enacted Resolution No. 2022-24 on July 28, 2022 which
identified the boundaries of the deteriorated areas. A copy of Resolution
No. 2022-24 is attached hereto as Exhibit A. Subject to the limitations
set forth in this chapter, all commercial, industrial or local business
properties located in the deteriorated areas may be eligible to participate
in the tax exemption program established in this chapter.
A copy of the written request for exemption shall be forwarded
to the Chester County Assessment Office by the Township. Upon completion
of the improvement, the taxpayer shall notify the Board of Commissioners
so that the Board 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 chapter.
The Township 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 by the Township as provided by law.
Unless otherwise repealed by the Board of Commissioners, this
chapter shall terminate five years from the effective date hereof.
Nothing contained herein shall act to prohibit the Board of Commissioners
from enacting a similar ordinance, or extending this one. 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if this chapter expires or is repealed.
Pursuant to the terms of Ordinance No. 2013-03, any tax exemption
granted thereunder shall continue pursuant to the terms of Ordinance
No. 2013-03 notwithstanding the adoption of this chapter.