Chester County Real Estate News at a Glance – Week Ending October 16th
Easttown Township to explore earned income tax as revenue option
On Monday, Oct. 19, at 8:00 p.m., the Easttown Township Board of Supervisors will be presented with information on Earned Income Tax and other Act 511 taxes by the Pennsylvania Economy League. The meeting is to be held at the Beaumont Elementary School, 575 Beaumont Road, Devon, and is open to the public. Easttown Township is facing a budget deficit for 2010, in part due to declining real estate transfer tax revenue, salary increases and an increased pension contribution. An ad-hoc budget committee was created at the Oct. 5 Board of Supervisors meeting with the intent of looking at the budget with an independent set of eyes and varied expertise. The members include a forensic accountant, business consultant, marketing professional, Realtor and tax attorney. The committee is seeking people of other professions to assist in reviewing the budget and proposed changes. Click here for the public meeting notice.
Source: Main Line Suburban Life: 10/14/09
“Community Conversation” event opens encouraging dialogue in West Vincent
At a recent “community conversation” at the West Pikeland Township building, nearly 90 residents came to a consensus with township supervisors to “continue to preserve open space and rural values” along with a renewed sense of community. The event, hosted by Chester County 2020, a nonprofit organization that promotes dialogue about planning and growth throughout the county, encouraged residents to list issues that are important to West Vincent. The list was narrowed down to open space preservation and the protection of rural values. Of great importance to the township supervisors was the attendance and interaction with resident who do not typically attend township meetings. The supervisors were encouraged that their vision was shared by the West Vincent community.
Source: The Daily Local News; 10/14/09
Gay Street Bridge to reopen in Phoenixville
The Gay Street Bridge in Phoenixville has received a facelift and a soon-to-be new name – the Veterans Memorial Gay Street Bridge. The bridge, due to be reopened Oct. 16, has been under construction since April 2008. Both pedestrian and vehicular travel will be restored between downtown Phoenixville and North Side.
Source: The Daily Local News; 10/15/09
Smith Farm agreement approved in West Bradford Township
West Bradford supervisors recently approved an agreement for the Smith Farm development plan. The agreement will allow for a 125-home development and preservation of the existing cattle farm. The approved settlement plan will now be taken to court for approval, which would settle current litigation and allow the land development plan to proceed through the township’s normal approval process. Originally a planned subdivision of two properties, the Gray tract and the Smith Farm, many of the initial objections to the plan have been eliminated with the removal of the Gray tract from the plan.
Source: The Daily Local News; 10/15/09
