Presenter
Presented by Mr. Gilman
Title
Resolution amendment to the South Side Works Tax Increment Financing Plan removing Parcels B2c, B2d and E2b from the South Side Works District (Council District 3).
Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53 P.S. ยง 6930.1 et seq., as amended (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 "South Side Works Tax Increment Financing Plan" (the "Original TIF Plan") prepared by the Urban Redevelopment Authority of Pittsburgh (the "Authority") was approved by the School District of Pittsburgh (the "School District") by resolution of December 16, 1998 and by the County of Allegheny (the "County") by resolution of December 30, 1998; and
Whereas, by resolution of February 16, 1999, the City of Pittsburgh (the "City" and, together with the County and the School District, the "Taxing Bodies") approved and adopted the Original TIF Plan and created the South Side Works Tax Increment Financing District (the "TIF District"); and
Whereas, the Original TIF Plan was amended by Amendment No. 1 dated December 31, 2001 (together with the Original TIF Plan, the "TIF Plan") by resolution of the City effective December 31, 2001, as approved by the School District by resolution dated September 25, 2001, by the County by resolution dated December 4, 2001, and by the Authority by resolution dated September 13, 2001; and
Whereas, pursuant to the TIF Plan, the Taxing Bodies and the Authority entered into a Cooperation Agreement Regarding South Side Works Tax Increment Financing District dated as of November 1, 1999, as amended as of December 31, 2001 (collectively, the "Cooperation Agreement"); and
Whereas, the Cooperation Agreement contemplates that the Authority may propose such amendments to the TIF...
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