The Township Manager and/or the Board of Supervisors be and
hereby are authorized and directed to execute and enter into the intergovernmental
cooperation agreement between the Lancaster County Land Bank Authority
and the Township of Lancaster, a municipality in Lancaster County,
and the School District of Lancaster, in substantially the form attached
hereto and incorporated herein as Exhibit A (the "agreement") and to take any and all further actions necessary to implement
and comply with the terms of said agreement.
The agreement provides that the Land Bank Authority shall consider,
after consultation with the Township of Lancaster and the School District
of Lancaster, acquisition of jointly agreed to real property located
within the Township of Lancaster and for the management, development,
sale, leasing and/or financing of any such properties. The agreement
further provides for the treatment of real estate taxes both prior
to acquisition and during ownership of said real estate by the Land
Bank Authority and for distribution of taxes following the sale of
said real estate by the Land Bank Authority.
The term of the agreement is perpetual with any party being
able to terminate the agreement upon 30 days' written notice.
Provisions regarding the purpose and objectives of the agreement,
including the powers and scope of authority delegated thereby, the
manner and extent of financing, the organizational structure to implement
its terms and further information regarding the manner in which real
property shall be acquired, managed, licensed or disposed of are set
forth in the agreement, the terms of which are incorporated herein.
All ordinances or resolutions or parts of ordinances or resolutions
insofar as they are inconsistent herewith are hereby repealed and
rescinded.
In the event any provision, section, sentence, clause or part
of this article shall be held to be invalid, such invalidity shall
not affect or impair any of the remaining provisions, sections, sentences,
clauses or parts of this article; it being the intent of the Township
of Lancaster that the remainder of the article shall be and shall
remain in full force and effect.
This article shall become effective as provided by the laws
of the Commonwealth of Pennsylvania.