City of Pittsburgh - File #: 2004-0342

• File #: 2004-0342
• Version: 2
• Type: Resolution
• Status: Passed Finally
• File created: 5/11/2004
• In control: Committee on Housing, Economic Development & Promotion
• Final action: 7/13/2004
• Enactment date: 7/13/2004
• Enactment #: 358
• Effective date: 7/23/2004
• Title: Resolution adopting the Amended Penn Liberty Plaza Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District 6).
• Indexes: URA TIFS (TAX INCREMENT FINANCING)

Date	Ver.	Action By	Action	Result
7/23/2004	2	Mayor	Signed by the Mayor
7/13/2004	2	City Council	Passed Finally, As Amended	Pass
7/13/2004	1	City Council	AMENDED	Pass
7/7/2004	1	Committee on Housing, Economic Development & Promotion	Affirmatively Recommended	Pass
6/22/2004	1	Committee on Hearings	Public Hearing Held
5/20/2004	1	Committee on Hearings	Public Hearing Scheduled
5/19/2004	1	Committee on Housing, Economic Development & Promotion	Held for Cablecast Public Hearing	Pass
5/11/2004	1	City Council	Read and referred

Presenter
Presented by Ms. Carlisle

AS AMENDED

Title
Resolution adopting the Amended Penn Liberty Plaza Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District 6).
Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53 P.S. § 6930.1 et seq. (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" and, together with the County and the City, the "Taxing Bodies") previously adopted the Penn Liberty Plaza Tax Increment Financing District Tax Increment Financing Plan (the "Penn-Liberty TIF Plan"), and the City created the Penn Liberty Plaza Tax Increment Financing District (the "Penn-Liberty TIF District") located in the Strip District Redevelopment Area to help fund the construction of a parking facility (the "Original Project") to support Penn Liberty Plaza I, a development adjacent to an existing Greyhound bus terminal site located between Penn and Liberty Avenues in the Convention Center Redevelopment Area of downtown Pittsburgh; and

Whereas, the tax increment financing contemplated by the Penn-Liberty TIF Plan did not occur and the Original Project has not been constructed; and

Whereas, the Public Parking Authority of Pittsburgh (the "PPA") desires to develop an intermodal tra...