Presenter
Presented by Mr. Gilman
Title
Resoluthion authorizing the Urban Redevelopment Authority of Pittsburgh to submit an Application to the Pennsylvania Office of the Budget for a Redevelopment Assistance Capital Program grant of up to $4,000,000 for the Smithfield Street Corridor Revitalization project. (Council District 6)
Body
Whereas, the City of Pittsburgh (the "City") and the Urban Redevelopment Authority of Pittsburgh ("URA") wish to obtain from the Commonwealth of Pennsylvania Office of the Budget (the "Commonwealth") a grant under the Redevelopment Assistance Capital Program ("RACP") of up to $4,000,000 to be used for the Smithfield Street Revitalization project (the "Project"); and
Whereas, the Commonwealth requires the City to agree to reimburse it for any expenditure of RACP funds determined by the Commonwealth to be ineligible;
Now, therefore, be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Urban Redevelopment Authority of Pittsburgh is hereby authorized to file an application with the Commonwealth of Pennsylvania Office of the Budget for a grant under the Redevelopment Assistance Capital Program of up to $4,000,000 for the Smithfield Street Corridor Revitalizatoin project.
Section 2. The City agrees to reimburse the Commonwealth for any expenditure of RACP funds in the amount of $4,000,000 determined by the Commonwealth to be ineligible.