Presenter
Presented by Mr. Hertzberg
Title
Resolution amending Resolution No. 59, effective February 21, 2003, as further amended, entitled, "Providing for the continued designation of a Downtown Pittsburgh Business Improvement District," by increasing the millage rate from 3.87 to 3.92 to coincide with decreased property values in the Business Improvement District.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. That Resolution No. 59 of 2003, entitled, "Providing for the continued designation of a Downtown Business Improvement District," Section 3, Levy of Special Assessment, subsections A. and B., are hereby amended to increase the millage rate, as follows:
Section 3. Levy of Special Assessment. There is hereby levied an assessment to pay the cost of the programs computed as follows:
Amount of Assessment - It is recognized that, pursuant to Section 4 of this Resolution, the
B. Pittsburgh Downtown Partnership ("PDP") will have administrative responsibility for the District subject to Council's oversight. The assessment is 3.87 3.92 mills based on land values established by the Board of Property Assessment as of December of the preceding year, but the amount to be raised by assessment shall not exceed, in any event, $1,180,000. The actual cost of services and improvements to be provided will be budgeted on an annual basis, which budget shall be presented to Council by October of the preceding year. A general estimate of presently anticipated expenses for the following year and projections for future appropriate spending will be presented at the time of the hearing on the Resolution.
B. Method of Assessment - All benefited properties will be assessed at 3.87 3.92 mills based on land values, but the amount to be raised by assessment shall not exceed, in any event, $1,180,000. For purposes of this Resolution, "benefited properties" shall mean all taxable properties located in the geographic area c...
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