City of Pittsburgh - File #: 2007-1724

• File #: 2007-1724
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 9/7/2007
• In control: Committee on Housing, Economic Development & Promotion
• Final action: 12/17/2007
• Enactment date: 12/17/2007
• Enactment #: 699
• Effective date: 12/27/2007
• Title: Resolution revising the boundaries of the North Shore Tax Increment Financing District. (Council District 1).
• Indexes: URA TIFS (TAX INCREMENT FINANCING)

Date	Ver.	Action By	Action	Result
1/2/2008	1	Mayor	Signed by the Mayor
12/17/2007	1	City Council	Passed Finally	Pass
12/12/2007	1	Committee on Housing, Economic Development & Promotion	Affirmatively Recommended	Pass
11/27/2007	1	Committee on Hearings	Public Hearing Held
10/11/2007	1	Committee on Hearings	Public Hearing Scheduled
9/19/2007	1	Committee on Housing, Economic Development & Promotion	Held for Cablecast Public Hearing	Pass
9/7/2007	1	City Council	Read and referred

Presenter
Presented by Ms. Carlisle

Title
Resolution revising the boundaries of the North Shore Tax Increment Financing District. (Council District 1).

Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53 P.S. § 6930.1 et seq. (the "Act"), provides local taxing bodies the legal authority to cooperate in providing financing for the development of blighted areas within their respective jurisdictions in order to increase the tax base and improve the general economy; and
Whereas, the North Shore Tax Increment Financing Plan (the "TIF Plan") prepared by the Urban Redevelopment Authority of Pittsburgh (the "Authority") was approved by the County of Allegheny (the "County") by resolution of October 5, 1995 and by the School District of Pittsburgh (the "School District") by resolution of September 25, 1995; and
Whereas, as of November 13, 1995, the City of Pittsburgh (the "City" and, together with the County and the School District, the "Taxing Bodies") approved and adopted the TIF Plan and created the North Shore Tax Increment Financing District (the "TIF District"); and
Whereas, pursuant to the TIF Plan, the Taxing Bodies and the Authority entered into a Cooperation Agreement Regarding North Shore Tax Increment Financing District dated as of March 1, 1996 (the "Cooperation Agreement"); and
Whereas, the Cooperation Agreement contemplates that the Authority may propose such amendments to the TIF Plan, the TIF District and the Cooperation Agreement as it deems advisable but no such amendment shall be effected until approved by each of the Taxing Bodies and the Authority; and
Whereas, upon review of the boundaries of the TIF District and the status of the projects contemplated by the TIF Plan, the Authority has determined that there are a number of parcels included in the TIF District for which no portion of the tax revenues generated by or attributable to such parcels has been pledged to secure the payment of debt service on any outstanding tax i...