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Category Archive for: ‘Great Valley’

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Chester County Real Estate News: February 24th, 2012 Comments Off

Alliance disagrees with West Brandywine interpretation of International Building Code

West Brandywine Township supervisors recently voted to end a “moratorium” on conducting point-of-sale use and occupancy inspections of residential real estate. After a long and heated debate over whether the township should move forward with an inspection program, the board voted 2-1 in favor of inspections. Supervisor Thomas McCaffrey voted against the measure. Supervisor William Webb, who began serving on the board in January and is the building codes officer in Valley, supports the inspections and asserted that the township could be liable for negligence if it does not require inspections. During the debate Township Manager Ronald Rambo claimed that the inspection program is required because the township has adopted the PA Uniform Construction Code (UCC), which includes the International Building Code (IBC). Both the Suburban REALTORS Alliance and PA Department of Labor and Industry – which regulates the UCC – disagree with Rambo’s interpretation of the IBC and its impact on the sale of existing homes. Alliance staff is currently in discussions with the township, but encourages REALTORS® to follow the new requirements until further notice. The township is currently compiling a list of potential inspection items.

Source: Daily Local; 2/21/2012

Coatesville officials bargain for parking lots

The Coatesville Redevelopment Authority authorized a lease agreement that allows the city to use some of its properties for fee-operated parking lots. According to the agreement, the authority will lease 300 E. Lincoln Highway, 7070 E. Lincoln Highway and 706 Diamond St. to the city for either permit or paid parking. The authority wants to retain ownership of the property in case of any future developments. Authority The authority still owes the city $7 million from a loan a few years ago, and the rental payment from the city could be used as debt relief.

Source: Daily Local; 2/22/2012

Great Valley school officials discuss budget gap

Great Valley School District has begun mapping out a strategy for closing the budget gap for the 2012-13 school year and beyond. The preliminary budget for the school district, which was approved Jan. 17, is $79.1 million — a 2.4 percent increase over the 2011-12 school year. Even with a $3.8 million supplement from reserve funds, a $1.47 million budget gap remains. According to Superintendent Alan Lonoconus, revenue shortfalls, due to charter or vocational technical schools and a decrease in real estate values, will result in tax increases and making up the difference with the reserve balance. The reserve fund is expected to be completely depleted by the 2016-17 school year if the current pattern of revenue shortfalls continues. Lonoconus also said that the district can expect to see about $2.5 million in reduction to the school budget every year for the next three years. The administration also plans to host community outreach meetings to discuss the budget, the first one taking place in East Whiteland on a to-be-determined date. The school board plans to approve a final budget by June 4.

Source: Daily Local; 2/19/2012

Coventry Mall not closing, but will challenge its assessment

Contrary to rumors, Coventry Mall will not close or be put up for sale anytime soon, but mall officials do plan to once again challenge the property’s current tax assessment. An appeal filed last summer that would have reduced the mall’s assessment from $54.9 million to $51 million was denied by the Chester County assessment board in September, according to North Coventry Township Manager Kevin Hennessey. The mall currently pays $1.5 million in property taxes to the Owen J. Roberts School District, $217,728 in property taxes to Chester County, and $87,860 in annual property taxes to North Coventry Township.  All three taxing entities are sharing the cost of having a new appraisal of the property conducted for use in the court case.

Source: Daily Local; 2/23/2012

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Posted on: 02-24-2012
Posted in: Chester County, Coatesville, Great Valley, News

Chester County Real Estate News: October 28th, 2011 Comments Off

In Oxford, long wait for sewage availability is getting shorter

Anyone hoping to build in Oxford has been waiting a long time for sewage capacity, but now they can get in line for a connection when one becomes available if they pay the tapping fee. Due to a sewage connection moratorium, only a few building permits have been issued in Oxford in recent years.  A waiting list exists for approximately150 projects that have already paid prior to 1994 for connections they can’t make, while around 1,000 projects are proposed but have not been paid for. Now that the Oxford Area Sewer Authority is preparing to start construction on a new storage lagoon, at least some connections could be available in less than a year. The time line for the new lagoon calls for completion in 270 days after groundbreaking. That can happen as soon as the U.S. Department of Agriculture (USDA) approves the low bidder. It is the USDA that is providing the low interest loan for the project.

Source: Daily Local; 10/20/2011

Coatesville train station project advancing quickly

The Coatesville train station will be the first of a number of stations in Chester County to be renovated, according to officials involved in the project. Bob Garrett, an executive assistant with the Pennsylvania Department of Transportation, said the Coatesville project is officially ahead of projects in Parkesburg and Downingtown after a few months of hard work. The public is invited to learn more about the project’s progress during a meeting set for 5:30 p.m., Nov. 10 at City Hall. The project involves renovating the existing train station, building a new open station with a pedestrian crossover, streetscaping along Third Avenue and preparing for the possible future redevelopment of Fleetwood Street between Third and Fourth avenues. A new station is needed because the platforms must be wider to comply with the federal Americans with Disabilities Act, and wide platforms cannot be constructed in the current station because it is on a slight curve.

Source: Daily Local; 10/21/2011

T/E School District Tax Study Group to host earned-income-tax presentation

The Tredyffrin/Easttown School District Tax Study Group will present the pros and cons of an earned income tax (EIT) for T/E residents and the School District at two public meetings on Nov. 3 at 1 p.m. at the Tredyffrin/Easttown Administration Offices (940 W. Valley Road, Suite 1700), and again at 7 p.m. at Valley Forge Middle School (105 W. Walker Road). The T/E School District is beginning the budget development process for 2012-2013. One budget strategy is to determine the impact of an EIT. All community members are encouraged to attend one of the presentations in order to make an informed decision in the event that an EIT question is placed on the primary election ballot in April 2012. To facilitate this analysis, the School Board formed a Tax Study Group consisting of community volunteers. For more information on the Tax Study Group, visit the T/E School District Web site at www.tesd.net.

Source: Main Line Suburban Life; 10/19/2011

Coatesville finance director put on leave

City of Coatesville Finance Director Stacy Bjorhus has been placed on paid administrative leave and a decision on the future of her employment will be decided in November. Manager Gary Rawlings said he would not disclose why Bjorhus was placed on leave, citing it as a personnel matter. He further said he would not disclose what his recommendation to council will be, and said he needs to have discussions with Bjorhus before making his final decision. Bjorhus’ leave comes in the midst of a difficult budget process for the city. Recently, council approved a withdrawal from the city’s trust fund of up to $2 million to cover both overdue pension fees and pay regular bills, including payroll.  Bjorhus is also the finance director for the city’s redevelopment authority. The authority is also facing a budget crisis. Currently, the authority is facing an expected $117,000 shortfall for this year. The authority also has yet to make any payments to city for its loan of about $7 million.

Source: Daily Local; 10/21/2011

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Technorati Tags: Chester County Real Estate News

Posted on: 10-28-2011
Posted in: Chester County, Coatesville, Great Valley, News

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