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Resolution authorizing the Mayor and the Director of City Planning of the City of Pittsburgh to execute relevant agreements with the Department of Community and Economic Development (DCED) to receive Municipal Assistance Program (MAP) grant funds in an amount not to exceed Seventy-Five Thousand Dollars and Zero cents ($75,000.00) in order to fund professional services/consultants to complete a TRID planning study for the Uptown and Fifth/Forbes Corridor in the City of Pittsburgh.
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WHEREAS, the City wishes to investigate the creation of the Uptown and Fifth/Forbes Corridor Investment District as part of a broader community revitalization strategy; and
WHEREAS, such planning will include, but not be limited to, consideration of a Transit Revitalization Improvement District ("TRID"); and
WHEREAS, the Transit Revitalization Investment District Act, Act of December 8, 2004, P.L. 1801, No. 238, codified at 73 P.S. ?? 850.101 et seq. (collectively, the "Act") authorizes public transportation agencies to work cooperatively with counties, local governments, transportation authorities, the private sector, and other providers of public transportation to create TRIDs; and
WHEREAS, creating a TRID provides local taxing bodies with authority to cooperate in establishing transit-oriented development and value capture areas, as defined in the Act, within their respective jurisdictions to increase the tax base and improve the general economy of their communities; and
WHEREAS, the City and the Urban Redevelopment Authority plan to work cooperatively regarding the Uptown and Fifth/Forbes Corridor Investment District, including the investigation of the creation of a TRID within such designated area; and
WHEREAS, upon completion of the Investment District work and required TRID planning components, legislation will be presented to City Council for adoption of proposed plans, zoning, policies and procedures in support of the creation of the TRID and the implem...
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