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Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to submit seven applications for financial assistance for seven projects in the aggregate amount of $4,000,000 to the Commonwealth of Pennsylvania Department of Community and Economic Development for the operation and administration of certain projects in FY 2009-2010. (Council Districts 6, 7, 9).
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Whereas, URA wishes to obtain financial assistance from the Commonwealth of Pennsylvania in the amount of $4,000,000 for the following projects (collectively, the "Projects"):
Federal Hill Housing Phase 2 $1,000,000
Allegheny Riverfront/Tippins 835,000
Highland and Wallace Buildings 825,000
Reed Roberts 390,000
Middle Hill Phase 2 325,000
Garfield/Penn Avenue Phase 3b 400,000
Bryant Street Phase 2 225,000
Whereas, URA has prepared seven applications for financial assistance for the Projects (the "Applications") under the under the FY 2009-2010 Housing and Redevelopment Assistance Program; and
Whereas, URA has indicated in the Applications that $6,117,051 in Community Development Block Grant, HOME, City bond, Pittsburgh Development Fund and other local funds will be provided as the matching share of Project costs; and
Whereas, the City of Pittsburgh and URA are desirous of obtaining funds from the Commonwealth of Pennsylvania Department of Community and Economic Development for the prevention and elimination of blight under Section 4(c) of the Housing and Redevelopment Assistance Law, as amended.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. URA is hereby authorized to file the Applications with DCED for seven grants in the amounts set forth above and totaling $4,000,000 for the Projects for FY 2009-2010 and administration thereof.
Section 2. A blighting influence exists in many neighborhoods because of the continuing presence of unsafe, unsanitary and inadequate living conditions in dwellings and the continuing presence, in many neighborhoods, of vacant, open and vandalized buildings, and the proposed Programs will prevent or eliminate the existing blighting influences by (1) addressing the housing assistance needs of low and moderate income residents through the substantial rehabilitation and new construction of housing; (2) promoting neighborhood stability through residential and commercial development; (3) stimulating new investment in commercial and industrial facilities, thereby creating employment in the urban core; and (4) ensuring a productive tax base.
Section 3. The City of Pittsburgh will assume the provision of the full local share of project costs and will reimburse the Commonwealth of Pennsylvania for the Commonwealth's share of any expenditure found by DCED to be ineligible.