City of Pittsburgh - File #: 2013-1564

• File #: 2013-1564
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 6/4/2013
• In control: Committee on Intergovernmental Affairs
• Final action: 7/30/2013
• Enactment date: 7/30/2013
• Enactment #: 526
• Effective date: 8/6/2013
• Title: Resoltuion adopting the Summerset at Frick Park Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District 5)
• Indexes: URA TIFS (TAX INCREMENT FINANCING)

Date	Ver.	Action By	Action	Result
8/7/2013	1	Mayor	Signed by the Mayor
7/30/2013	1	City Council	Passed Finally	Pass
7/24/2013	1	Standing Committee	Affirmatively Recommended	Pass
7/9/2013	1	Committee on Hearings	Public Hearing Held
6/12/2013	1	Standing Committee
6/4/2013	1	City Council	Read and referred
5/28/2013	1	City Council	Withdrawn

Presenter
Presented by Mr. Dowd

Title
Resoltuion adopting the Summerset at Frick Park Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District 5)
Body
Whereas, the Tax Increment Financing Act, 53 P.S. §6930.1 et. seq. (“Act”), provides local taxing bodies with authority to cooperate in providing financing for development of blighted areas, as defined in the Act, within their respective jurisdictions to increase the tax base and improve the general economy; and

Whereas, pursuant to the Act, the Urban Redevelopment Authority of Pittsburgh (“Authority”) is legally empowered to prepare tax increment financing (“TIF”) plans to provide financing for the elimination and prevention of blight within specified tax increment districts located in the City of Pittsburgh (“City”) and to present TIF plans to the City, the School District of Pittsburgh (“School District”), and Allegheny County (“County”) for consideration; and

Whereas, the County, the School District and the City each adopted resolutions on September 21, 2010, September 29, 2010 and September 21, 2010 respectively, endorsing the concept of a TIF plan to fund a portion of the costs of construction of public infrastructure and other necessary public improvements (the “TIF Project”) to facilitate the redevelopment of portions of the Summerset at Frick Park Project located in the Squirrel Hill South and Swisshelm Park neighborhoods of the City and authorizing the Authority to prepare a detailed TIF plan in connection with the same; and

Whereas, the Authority, working with the designated representatives of the City, the County and the School District, prepared and adopted the “Summerset at Frick Park TIF Plan” (the “TIF Plan”) in accordance with the requirements of the Act, providing for the creation of the Summerset at Frick Park Tax Increment Financing District (the “TIF District”), recommending the boundaries of t...