The Office of the Tax Collector, on behalf of
the Township, is hereby authorized to enter into an agreement with
the Greater Cheltenham Avenue Business Improvement District, Inc.,
in the form approved by the Township Solicitor, which agreement shall
include the following:
A. A detailed description of the respective duties and responsibilities of the Township and the Greater Cheltenham Avenue Business Improvement District, Inc. with respect to the District as set forth in the final plan approved under §
12-3;
B. A requirement that the Township will maintain within
the District the same level of municipal programs and services that
were provided within the District before establishment;
C. A sunset provision under which the agreement will terminate five years from the date this article becomes law and may not be renewed unless the District is continued beyond that date in accordance with the sunset provisions of §
12-5 of this article;
D. The Office of the Tax Collector will be responsible
for the collection of all property assessment fees levied within the
District and disbursing the funds to the Greater Cheltenham Avenue
Business Improvement District, Inc.; and
E. The Township agrees that the Office of the Tax Collector
shall file any necessary liens for nonpayment of property assessment
fees as set forth in the Act at 53 P.S. § 18107(A)(10).
Additionally, if the property assessment fee is not paid when due,
there shall be an added penalty at the rate of 1% per month until
paid.
