[Adopted 6-21-2004 by Ord. No. 941]
As used in this article, the following words and phrases shall have the meanings set forth below:
DETERIORATED PROPERTY
Any industrial, commercial or other business property owned by an individual, association or corporation, identified in a deteriorating area, as provided by resolution of the Council of the Borough of Morrisville, or any such property which has been the subject of an order by the Borough of Morrisville 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.
LOCAL GOVERNING BODY
The Morrisville Borough Council.
LOCAL TAXING AUTHORITIES
The Borough of Morrisville, Morrisville School District and the County of Bucks.
A. 
The Morrisville Borough Council has designated the following properties as deteriorated:
(1) 
54 and 60 East Bridge Street.
B. 
These properties may be eligible to participate in this tax exemption program.
The amount to be exempted shall be limited to the additional assessment valuation attributable the actual costs of improvements to deteriorated property.
A. 
The exemption schedule shall be as follows:
(1) 
Year 1: 100%.
(2) 
Year 2: 80%.
(3) 
Year 3: 60%.
(4) 
Year 4: 40%.
(5) 
Year 5: 20%.
B. 
The exemption from taxes granted under this article shall be upon the property and shall not terminate upon the sale or exchange of the property.
A. 
There shall be placed on the form application for the building, zoning and alteration permits the following:
Notice to Taxpayers
Under the provisions of Morrisville Borough Ordinance No. 941, you may be entitled to a property tax exemption on your contemplated alteration or new construction. An application for exemption may be secured from the Code Enforcement Office and must be filed with the Borough of Morrisville at the time a building permit is secured.
B. 
At the time a building permit is secured for the construction of an improvement for which an exemption is requested, the taxpayer shall apply to the Morrisville Borough Council for the exemption provided for in this article. Requests for the exemption must be in writing certified in full as prescribed by the Borough of Morrisville setting forth the following information:
(1) 
The date the building permit was issued for said improvement(s).
(2) 
The type(s) of improvement(s).
(3) 
A summary of the plan of the improvement(s).
(4) 
The cost of the improvement(s).
(5) 
Any or all such additional information required.
A copy of the request for exemption shall be forwarded to the Bucks County Board of Assessment Office by the Borough of Morrisville. Upon completion of the improvement or new construction, the taxpayer shall notify the Borough of Morrisville 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 Borough of Morrisville 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 the Borough of Morrisville as provided by law.