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Development authority looks for tax break on land

March 05, 2003|by STACEY DANZUSO

chambersburg@herald-mail.com

CHAMBERSBURG, Pa. - The Letterkenny Industrial Development Authority is pursuing the possibility of incorporating 41 acres in the Cumberland Valley Business Park into a special incentive plan that offers state and local tax breaks.

The authority board authorized Executive Director John Van Horn to approach the local taxing bodies to garner support at its meeting Monday.

The site lies on the former Army land in Greene Township, so Van Horn said he needs to get approval from the township, Franklin County and the Chambersburg Area School District in order to move forward.

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If the taxing bodies agree, the development authority can ask the state for Keystone Opportunity Improvement Zone status, which provides various tax breaks to businesses moving to the site through 2018, Van Horn said.

The development authority board also approved Monday the sale of a 4.8-acre parcel to the Franklin County Area Development Corporation for $100,000, Van Horn said.

The land is near California and Technology avenues and currently has no facilities.

Van Horn said the FCADC would build an 18,000-square-foot shell building for future business opportunities.

In another real estate action, the board authorized a lease-purchase agreement with Lamtech Real Estate Partnership for two parcels totaling 8.9 acres. The 15-year, $1.1-million lease expands Lamtech's presence in the Cumberland Valley Business Park, Van Horn said.

The Ephrata, Pa.-based business makes marbleized countertops at its current facility in the park, which is adjacent to the parcels in the new agreement.

"We're always looking for people to expand and maybe build new facilities," Van Horn said.

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