[HISTORY: Adopted by the Board of Commissioners of the Township of Lower Merion: Art. I, 9-14-1993 by Ord. No. 3335. Amendments noted where applicable.]
[Adopted 9-14-1993 by Ord. No. 3335]
The Board of Commissioners of the Township of Lower Merion hereby signifies its intention to organize and form a municipal authority, pursuant to the Municipality Authorities Act of 1945, Act of May 2, 1945, P.L. 382, as amended.
Editor's Note: See 53 P.S. § 301 et seq.
The name of the municipal authority shall be the "Ardmore Business District Authority" (hereinafter "Authority").
The Authority shall have the authority and the purpose thereof shall be to develop and make business improvements, to provide administrative services and to impose an assessment on each benefited property in the business district of Ardmore.
The Board of Commissioners of the Township of Lower Merion hereby retains the right to approve any plan of the Authority to make business improvements, to provide for administrative services and to impose assessments on benefited properties in the business district or to charge for administrative services related thereto.
The Authority shall be operated and managed by an Authority Board, and the names and terms of office of the first members of the Authority Board are as follows.
Editor's Note: The names and terms of office of the first members are included in the original ordinance, Ord. No. 3335, which is available for inspection in the Township offices.
In addition, two ex officio members appointed by the President of the Board of Commissioners shall serve without vote.
The Articles of Incorporation of the Authority, a true and complete copy of which are attached hereto and made a part hereof, are hereby approved and adopted. The Township Secretary shall publish notice of the enactment of this article and file the Articles of Incorporation with the Secretary of the Commonwealth on or after October 1, 1993.
Editor's Note: Said Articles of Incorporation are on file in the Township offices.
The term of existence of the Authority shall be five years from the date this article is enacted, and the Authority shall automatically terminate unless the Board of Commissioners of the Township of Lower Merion specifically amends this article to extend the term of the Authority. No plan for business improvements or administrative services shall be approved which plan extends for more than five years from the date this article is enacted unless otherwise amended and approved by the Board of Commissioners.
Editor's Note: Ordinance No. 4006, adopted 10-16-2013, authorized the term of existence of the Ardmore Business District Authority to be extended to 12-31-2023 and amended the Articles of Incorporation to reflect said extension.