[Ord. No. 607, 6/24/2020]
As used in this Part, the following words and phrases shall
have the meanings set forth below:
Local Economic Revitalization Tax Assistance Act of the Commonwealth,
Act No. 1977-76, as amended.
The Board of Supervisors of Northampton Township.
The Commonwealth of Pennsylvania.
County of Bucks, Pennsylvania, acting by and through its
Board of County Commissioners or acting by and through its authorized
representatives.
The area within the Township identified in this Part.
Any industrial, commercial or other business property located
in the designated area.
Repair, construction, or reconstruction, including alterations
and additions, having the effect of rehabilitating any industrial,
commercial or other business property owned by any individual, association
or corporation and located in the designated area."Improvements" does
not include any ordinary upkeep or maintenance.
The Township of Northampton, the County of Bucks, and the
Council Rock School District.
Any individual, partnership, company, association, society,
trust, corporation, municipality, municipal authority, or other group
or entity.
Council Rock School District, Bucks County, Pennsylvania,
acting by its Board of School Directors or, in appropriate cases,
acting by and through its authorized representatives.
Township of Northampton, Bucks County, Pennsylvania, acting
by and through its Board of Supervisors or acting by and through its
authorized representatives.
[Ord. No. 607, 6/24/2020]
1.Â
The Township does hereby designate the area within the following
boundaries as determined within the meaning of the Act, and one in
which the local taxing authorities may grant a tax exemption pursuant
to the provisions of the Act: all properties within the I-1 Zoning
District; the areas bounded by the Richboro Village Overlay District;
the areas bounded by the Holland Village Overlay District; and the
area zoned C-2 Commercial on Buck Road, known as the "Village Shire
Shopping Center" as shown on the map attached hereto as "Exhibit A."[1]
[1]
Editor's Note Said map is including as an attachment
to this chapter.
2.Â
Any discrepancy between the description of the designated area in
this section and the area designated in the LERTA district resolution
shall be resolved in favor of the LERTA district resolution, it being
the intent of the Township to grant exemption to all new construction
and improvements to eligible property within the area designated by
the resolution.
[Ord. No. 607, 6/24/2020]
1.Â
There is hereby exempted from all real estate property taxes that
portion of additional assessment attributable to the actual costs
of new construction or improvements to eligible property for which
proper application has been made in accordance with this Part.
2.Â
The exemption authorized by this Part shall be in accordance with
the provisions and limitations hereinafter set forth.
3.Â
The schedule of real property taxes to be exempted shall be in accordance
with the following percentage of the assessed valuation of new construction
or improvements to eligible property:
|
Tax Year(s) Following Completion of Construction
|
Exemption Portion of Assessed Valuation
|
|---|---|
|
1
|
100%
|
|
2
|
100%
|
|
3
|
100%
|
|
4
|
100%
|
|
5
|
100%
|
4.Â
A tax exemption granted under this Part shall become effective for
a five-year period from the date of issuance of a certificate of occupancy
for any improvements.
5.Â
A tax exemption granted under this Part shall not terminate upon
the sale or exchange of the property.
6.Â
Any person who is an owner of eligible property and who desires tax
exemption pursuant to this Part shall apply, in writing, for such
exemption on a form to be provided by the Township at the principal
office of the Township that must be received by the Township within
60 days following the date of issuance of a building permit for any
new construction or improvements.
7.Â
The Township shall make available to any person desiring to apply
for a tax exemption in accordance with this Part an application form
(the "application") which shall require such person to supply the
following information:
A.Â
The name of the owner or owners of the eligible property;
B.Â
The location of the eligible property, including the tax parcel identification
number assigned to such property for real property tax purposes;
C.Â
The type of new construction or improvements to be made on the eligible
property;
D.Â
The nature of the improvements to be made on the eligible property;
E.Â
The date on which the relevant building permit was issued and the
date on which construction commenced or the estimated date on which
it shall commence;
F.Â
The cost or estimated cost of the new construction or improvements;
G.Â
Such additional information as the Township may reasonably require.
8.Â
The appropriate official of the Township shall forward a copy of
such completed application to the County and School District within
30 days following the date on which such application is filed.
9.Â
The cost of new construction or improvements to be exempted and the
schedule of taxes exempted at the time of an initial request for tax
exemption made in accordance with the provisions of this Part shall
be applicable to that exemption request, and any subsequent amendment
to this Part, if any, shall not apply to applications filed with the
Township prior to their adoption.
[Ord. No. 607, 6/24/2020]
The provisions of this Part shall expire upon the fifth anniversary
of its enactment, unless extended by ordinance duly adopted. Any property
tax exemptions granted under the provisions of this Part shall be
permitted to continue according to the exemption schedule even if
this Part expires or is repealed.
[Ord. No. 607, 6/24/2020]
In the event any provision, section, sentence, clause or part
of this Part shall be held to be invalid, such invalidity shall not
affect or impair any remaining provision, section, sentence, clause
or part of this Part, it being the intent of the Township that such
remainder shall be and shall remain in full force and effect.
[Ord. No. 607, 6/24/2020]
This Part shall become effective immediately.
