Economic Revitalization Tax Assistance

BILL NO. 1 INTRODUCED: AUGUST 17, 2011 BY: BRADGEYER ENACTED: SEPTEMBER 21, 2011 ORDINANCE NO: 1482 AN ORDINANCE REAUTHORIZING TAX EXEMPTIONS FROM PROPERTY TAX FOR CERTAIN DETERIORATED INDUSTRIAL, COMMERCIAL, OR OTHER BUSINESS PROPERTY; DEFINING ELIGIBLE DETERIORATED AREAS; SETTING A MAXIMUM EXEMPTION AMOUNT AND AN EXEMPTION SCHEDULE; AND PROVIDING A PROCEDURE FOR SECURING AN EXEMPTION. WHEREAS, the General Assembly of the Commonwealth of Pennsylvania passed Act 76 of 1977 (72 P.S. ยง 4722, et seq.}, known as the Local Economic Revitalization Tax Assistance Act (LERTA), which authorizes local taxing authorities to provide for tax exemption for certain deteriorated industrial, commercial, and other business property; and WHEREAS, at a public hearing the Planning Commission of the City of Connellsville, the Redevelopment Authority of the City of Connellsville, and other agencies and individuals presented to the Oty Council their recommendations concerning the location of the boundaries of deteriorated areas; and WHEREAS, the City of Connellsville's LERTA program became effective on February 10,1982, upon the adoption of 3 resolution by the Connellsville Area School District and the Fayette County Board of Commissioners exempting from real property taxation improvements to properties in accordance wtth the terms of Ordinance No. 1213, enacted December 14,1981; and WHEREAS, said Ordinance No. 1213 automatically expired and terminated February 10,1985, SPG was re-enacted for two (2) additional three (3) year periods and most recently expired on April 10,1992; and WHEREAS, Ordinance No. 1327 re-enacted Ordinance No. 1213 for an additional period of five (5) years which most recently expired April 10, 1997; and WHEREAS, Ordinance No. 1376 re-enacted Ordinance No. 1213 for an additional period of five (5) years which most recently expired on May 23, 2003; and WHEREAS, the City Council of the City of Connellsville has determined that a need exists to have the provisions of the Local Economic Revitalization Tax Assistance Act (LERTA) re-enacted. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CONNELLSVILLE: Section 1. Definitions. As used in this Ordinance, the following words and phrases shall have the meaning set forth below: