[Adopted 7-7-1986 by Ord.
No. 240B (Ch. 24, Part 4, of the 2003 Code of Ordinances)]
City Council finds that all areas of the City of Lock Haven
zoned as Central Business Districts, General Commercial Districts,
General Commercial/Light Industrial Districts and Industrial Districts,
or which may in the future be zoned Central Business Districts, General
Commercial Districts, General Commercial/Light Industrial Districts
and Industrial Districts, shall be determined as "deteriorated areas,"
as defined in Act 76 of 1977,[1] and all industrial, commercial and other business property
located within such zoning districts shall be considered "deteriorated
property" and eligible for tax exemption.
[1]
Editor's Note: See 72 P.S. § 4722 et seq.
As used in this article, the following terms shall have the
meanings indicated:
Engaging in a business, enterprise, activity, service or
other undertaking for profit or remuneration.
[Added 12-10-2012 by Ord.
No. 913]
Any industrial, commercial or other business property owned
by an individual, association or corporation and located in an eligible
deteriorated area, as established by this article or any amendment
thereto.
Repair, construction or reconstruction, including alterations
and 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 brought into compliance
with laws, ordinances and regulations governing such standards. Ordinary
upkeep and maintenance shall not be deemed an improvement.
The manufacturing, compounding, assembling, processing, packaging
or treatment of raw materials or other products.
[Added 12-10-2012 by Ord.
No. 913]
[Amended 6-1-1992 by Ord.
No. 408B]
A.
The following schedule of exemptions, with respect to improvement
of deteriorated property, is hereby adopted with the exemption to
be granted on the increase in assessment attributable to the actual
cost of improvements:
|
Improvement Exemption Schedule - Industrial/Manufacturing
| ||
|---|---|---|
|
Year
|
Percentage of Deduction on Improvements
|
Percentage of Tax Collected on Increased Assessment
|
|
1
|
100%
|
0%
|
|
2
|
90%
|
10%
|
|
3
|
80%
|
20%
|
|
4
|
70%
|
30%
|
|
5
|
60%
|
40%
|
|
6
|
50%
|
50%
|
|
7
|
40%
|
60%
|
|
8
|
30%
|
70%
|
|
9
|
20%
|
80%
|
|
10
|
10%
|
90%
|
|
11 and thereafter
|
0%
|
100%
|
|
Improvement Exemption Schedule - Retail/Commercial
| ||
|---|---|---|
|
Year
|
Percentage of Deduction on Improvements
|
Percentage of Tax Collected on Increased Assessment
|
|
1
|
100%
|
0%
|
|
2
|
75%
|
25%
|
|
3
|
50%
|
50%
|
|
4 and thereafter
|
0%
|
100%
|
B.
The tax exemption from tax as authorized by this article shall be
upon the property exempted and shall not terminate upon the sale or
exchange of the property.
Any person desiring tax exemption pursuant to this article shall
apply shall apply to the City of Lock Haven at the time a building
permit is secured for construction. The procedure for obtaining exemption
shall be in accordance with the provisions of the Local Economic Revitalization
Tax Assistance Act, December 1, 1977, P.L. 237.[1]
[1]
Editor's Note: See 72 P.S. § 4722 et seq/
