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Resolution authorizing an amendment to the Hazelwood-Almono Tax Increment Financing District Cooperation Agreement (Council District 5).
(Public Hearing Held, November 1, 2016)
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WHEREAS, pursuant to Resolution No. 684, effective October 23, 2013, the City of Pittsburgh (the “City”, the County of Allegheny (the “County”, the School District of Pittsburgh (the “School District”) and the Urban Redevelopment Authority of Pittsburgh (the “Authority”), entered into a Cooperation Agreement dated as of November 14, 2014 (the “Cooperation Agreement”) providing for the financing, monitoring, implementing and terminating of the Hazelwood-Almono Tax Increment Financing (“TIF”) District; and
WHEREAS, following presentation by, and, at the request of, the Authority, the City of Pittsburgh has approved an amendment to the TIF Plan which resets the start date of the Hazelwood-Almono TIF District to January 1, 2017.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of Finance are hereby authorized and directed to enter into an amendment to the Cooperation Agreement, in form approved by the City Solicitor, to conform to the amendment to the TIF Plan adopted this date.