Effective the tax year commencing January 1,
2007, and continuing for each taxable year thereafter and ending as
set forth below, there shall be imposed by the Township of Pocopson
on the real property owned by the residents of the Township of Pocopson
(as set forth hereinabove and as otherwise provided by the Local Tax
Enabling Act), an additional tax at the rate of one mill or $1 of every
$1,000 of property value. The money collected as a result of this
additional tax shall be used to purchase interests in real property,
to make additional acquisitions of real property for the purpose of
securing open space benefits in the Township and/or retiring debt
related thereto as more particularly set forth and required by Act
153 of 1996. Imposition of said tax will terminate when all obligations
arising from the purchase of real property interests for open space
benefits incurred within five years of the effective date of the tax
increase are satisfied.