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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 of up to $1,500,000 for the 3 Crossings - Riverfront Office project. (Council District 7)
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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”) of up to $1,500,000 to be used for the 3 Crossings - Riverfront Office project (the “Project”); and
Whereas, the Commonwealth requires the City to agree to reimburse it for any expenditure of RACP funds determined by the Commonwealth to be ineligible;
Now, therefore, 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 of up to $1,500,000 for the 3 Crossings - Riverfront Office project.
Section 2. The City agrees to reimburse the Commonwealth for any expenditure of RACP funds in the amount of $1,500,000 determined by the Commonwealth to be ineligible.