[Ord. 2001-03-05, 3/12/2001]
1.
Effective as of January 1, 2001, contingent only upon the Department
of Community and Economic Development (DCED)'s approval of the
application for the proposed Keystone Opportunity Expansion Zone,
the following provisions shall apply:
A.
Real property in the proposed Keystone Opportunity Expansion Zone
is exempt from the payment of all property taxes in accordance with
the provisions and limitations hereinafter set forth within the boundaries
of the proposed Keystone Opportunity Expansion Zone in accordance
with the Pennsylvania Keystone Economic Opportunity Zone Act, 73 P.S.
§ 820.302 et seq., for a period of 13 years, commencing
January 1, 2001.
B.
Red Lion Borough Tax Map 5, Parcel 1, comprising lots 1, 3, 4, 5,
and 6, as shown on a plan recorded in the Office of the Recorder of
Deeds of York County in Plan Book MM, Page 760, incorporated by reference,
containing 13.590 acres in size and known as "Red Lion Industrial
Park," is hereby designated as an area constituting a portion of the
Keystone Opportunity Expansion Zone that is experiencing economic
distress characterized by low investment of new capital and underutilized
industrial property.
C.
The "Neely Site," of approximately six acres as defined by Tax Map
2, Parcel 210, located off East Broadway, is hereby designated as
an area constituting a portion of the Keystone Opportunity Expansion
Zone that is experiencing economic distress characterized by low investment
of new capital and underutilized industrial property.
[Ord. 2001-03-05, 3/12/2001]
The exemption shall be 100% of the real property taxation on
the assessed valuation of property within the proposed Keystone Opportunity
Expansion Zone.
[Ord. 2001-03-05, 3/12/2001]
This Part also waives, if applicable, the collection of business
gross receipts tax or operations conducted by a qualified business;
and net profits of a qualified business received by a resident or
nonresident of the proposed Keystone Opportunity Expansion Zone attributable
to business activity conducted within the proposed Keystone Opportunity
Expansion Zone.
[Ord. 2001-03-05, 3/12/2001]
The provisions of the Act not herein enumerated shall, nevertheless,
be incorporated as part of this Part by reference.
