Title
Resolution signifying the intention and desire, of the City of Pittsburgh, Allegheny County, Pennsylvania to organize an authority under the provisions of the Municipality Authorities Act (53 PA.C.S.A. §5601 et.seq.), as amended, setting forth and authorizing execution of Articles of Incorporation; appointing and fixing terms of the first members of the board of such authority; authorizing all such other necessary action; and repealing all inconsistent ordinances, resolutions or parts of ordinances or resolutions. (Council Districts 7, 8 and 9)
Body
Whereas, the Transit Revitalization Investment District Act, Act of December 8, 2004, P.L. 1801, No. 238 ("Act") 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, pursuant to the Act, the Urban Redevelopment Authority of Pittsburgh ("URA") is legally empowered to prepare transit revitalization investment district ("TRID") plans to provide financing for local, county and regional economic development and revitalization activities through private sector investment, reinvestment and joint development activities in conjunction with public transportation improvements in TRID districts located in the City of Pittsburgh, Allegheny County, Pennsylvania (the "City"); and
Whereas, by Resolution No. 443, effective July 2, 2013, the City authorized the creation of East Liberty TRID District, the adoption of a Phase I TRID Plan prepared by the URA, the agreement of the City to participate in the TRID District and the authorization empowering appropriate public officials of the City to execute and deliver in the name of and on behalf of the City all documents required in connection with the creation of the TRID District and administration of the TRID Plan; and
Whereas, as requested by the URA...
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