Presenter
Presented by Mr. Dowd
Title
Resolution adopting the Hazelwood-Almono Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh and making certain findings. (Council District 5)
Body
Whereas, Pennsylvania's Tax Increment Financing Act, 53. P.S. ยง 6930.1 et seq., as amended (the "TIF 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 TIF Act, the Urban Redevelopment Authority of Pittsburgh (the "Authority") is legally empowered to prepare a Tax Increment Financing ("TIF") proposal to provide 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 a TIF plan for financing or otherwise providing funds to pay a portion of the costs of off-site transportation improvements, stormwater and utility infrastructure, on-site transportation and parking infrastructure, public open space, site preparation and environmental remediation (the "TIF Project") in connection with a mixed-use development to be located within a portion of the Lower Hazelwood Redevelopment Area (#12) known as the Hazelwood-Almono Tax Increment Financing 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 Cou...
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