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File #: 2003-1895    Version: 1
Type: Resolution Status: Passed Finally
File created: 5/27/2003 In control: Committee on Housing, Economic Development & Promotion
On agenda: Final action: 10/21/2003
Enactment date: 10/21/2003 Enactment #: 806
Effective date: 10/30/2003    
Title: Resolution adopting the Baum/Millvale Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District No. 8).
Indexes: URA TIFS (TAX INCREMENT FINANCING)
Presenter
Presented by Councilwoman Carlisle

Title
Resolution adopting the Baum/Millvale Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District No. 8).

Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53. P.S. ยง 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") have each adopted resolutions endorsing the concept of, and agreeing to participate in, a TIF plan for financing a portion of the costs of constructing certain public infrastructure improvements and a parking garage expected to contain approximately 1,500 parking spaces in connection with a mixed use development (the "TIF Project") to be located in a portion of the Baum Boulevard/Centre Avenue Redevelopment Area called the Baum/Millvale TIF District (the "TIF District"), requesting the Authority to prepare a detailed TIF proposal and designating the City's representative to work with the Authority, the County, the City and the School District toward development and implementation of a TIF plan with respect to the TIF Project; and

Whereas, the Authority, working with the designated representatives of the City, the County and the School District, has adopted and recommended a Tax Increment Financing...

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