City of Pittsburgh - File #: 2006-0017

• File #: 2006-0017
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 1/10/2006
• In control: Committee on Housing, Economic Development & Promotion
• Final action: 3/20/2006
• Enactment date: 3/13/2006
• Enactment #: 171
• Effective date: 3/30/2006
• Title: Resolution adopting the Pittsburgh Technology Center Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council Districts 3 and 6).
• Indexes: URA TIFS (TAX INCREMENT FINANCING)

Date	Ver.	Action By	Action	Result
3/30/2006	1	Mayor	Signed by the Mayor
3/20/2006	1	City Council	Passed Finally	Pass
3/15/2006	1	Committee on Housing, Economic Development & Promotion	Affirmatively Recommended	Pass
2/28/2006	1	Committee on Hearings	Public Hearing Held
1/18/2006	1	Committee on Housing, Economic Development & Promotion	Held for Cablecast Public Hearing	Pass
1/18/2006	1	Committee on Hearings	Public Hearing Scheduled
1/10/2006	1	City Council	Read and referred

Presenter
Presented by Ms. Payne

Title
Resolution adopting the Pittsburgh Technology Center Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council Districts 3 and 6).

Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53. P.S. § 6930.1 et seq., as amended (the "Act"), provides local taxing bodies legal authority to cooperate in providing financing for development of blighted areas within their respective jurisdictions in order to increase the tax base and improve the general economy; and

Whereas, under the Act, the Urban Redevelopment Authority of Pittsburgh (the "Authority") is legally empowered to prepare a Tax Increment Financing ("TIF") proposal to provide financing for the elimination and prevention of the development or spread of blight within specified tax increment districts located in the City and to present such proposal to the City for its consideration; and

Whereas, the City, the County of Allegheny (the "County"), and the School District of Pittsburgh (the "School District") have each adopted resolutions endorsing the concept of a TIF plan for financing a portion of the costs of structured parking facilities and other necessary public improvements and infrastructure (the "TIF Project") to support up to an additional 1.1 million square feet of new development to be located within a portion of Redevelopment Area #50 – J & L Second Avenue (West Oakland) known as the Pittsburgh Technology Center Tax Increment Financing District (the "TIF District"), requesting the Authority to prepare a detailed TIF proposal, and designating the City's representative to work with the Authority, the County, and the School District toward development and implementation of a TIF plan with respect to the TIF Project; and

Whereas, the Authority, working with the designated representatives of the City, the County, and the School District, has adopted and recommended a Tax Inc...