Presenter
Presented by Ms. Payne
Title
Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to submit an Application to the Pennsylvania Office of the Budget for a Redevelopment Assistance Capital Program grant in the amount of $16,000,000 for the Three PNC Plaza project. (Council District No. 6)
Body
Whereas, the City of Pittsburgh (the "City") and the Urban Redevelopment Authority of Pittsburgh ("URA") wish to obtain from the Commonwealth of Pennsylvania Office of the Budget (the "Commonwealth") a grant under the Redevelopment Assistance Capital Program ("RACP") in the amount of $16,000,000 to be used for the Three PNC Plaza project (the "Project"); and
Whereas, URA has prepared an application which is available at URA's offices; and
Whereas, the Commonwealth requires the City to agree to reimburse it for any expenditures of RACP funds determined by the Commonwealth to be ineligible;
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Urban Redevelopment Authority of Pittsburgh is hereby authorized to file an application with the Commonwealth of Pennsylvania Office of the Budget for a grant under the Redevelopment Assistance Capital Program in the amount of $16,000,000 for the Project.
Section 2. The City agrees to reimburse the Commonwealth for any expenditures of RACP funds determined by the Commonwealth to be ineligible.