NOTICE OF PUBLIC HEARING

TOWNSHIP OF CHELTENHAM
ELKINS ESTATE TAX INCREMENT FINANCING DISTRICT

The Board of Commissioners of the Township of Cheltenham will conduct a public hearing on Wednesday, January 23, 2019 at 7:30 pm. The public hearing will be held at Curtis Hall, 1250 West Church Road, Wyncote, Pennsylvania 19095. The purpose of the public hearing is to present the Tax Increment Financing Plan for the Elkins Estate Tax Increment Financing District, a proposed ordinance adopting same; the concept of tax increment financing, the boundaries of the District and the benefits to the Township. The Elkins Park TIF District comprises three tax parcels as described below:

310001222007, 310001846004, 310025888001
The Tax Increment Financing District is also identified as 1750 Ashbourne Road.

The Developer intends to develop the Elkins Estate Tax Increment District in phases with a hotel, conference center, spa, distillery, and related uses, together with covenants to preserve historic buildings and facades, to restrict residential development, and to provide public access to the property and its amenities. The hearing is being held pursuant to the Pennsylvania Tax Increment Financing Act for the purpose of affording interested parties a reasonable opportunity to express their views on the concept of tax increment financing, the proposed creation of the Elkins Estate Tax Increment Financing District and its proposed boundaries, the proposed adoption of a project plan for the District, and the benefits to the Township.

A copy of the Tax Increment Financing Plan for the Elkins Park TIF District is available and may be examined by any citizen at the Office of the Township Manager in the Cheltenham Township Administration Building, 8230 Old York Road, Elkins Park, Cheltenham, Montgomery County, Pennsylvania 19027 on any regular business day between the hours of 8:00 a.m. and 4:30 p.m. Copies of the proposed plan may also be downloaded by the link below:

Tax Increment Financing Plan for the Elkins Estate Tax Increment Financing District
Elkins Estate Existing Conditions/Project Proposal
Montgomery County Planning Commission Presentation on Tax Increment Financing

CHELTENHAM TOWNSHIP

Bryan T. Havir, Township Manager