Title
Resolution consenting to an amendment to the elTRID Planning Study and authorizing the Mayor and the Director of the Department of City Planning, on behalf of the City of Pittsburgh, to take necessary actions to seek necessary consent for and, if obtained, to undertake an amended Planning Study as a prerequisite to considering an amendment to the current East Liberty Transit Revitalization Investment District Boundary.
Body
WHEREAS, the Transportation Transit Revitalization Investment District Act, Act of Dec. 8, 2004, P.L. 1801, No. 238 ("Act"), provides local taxing bodies with authority to cooperate in establishing transit oriented development and value capture areas, as defined in the Act, within their respective jurisdictions to increase the tax base and improve the general economy of their communities; and
WHEREAS, pursuant to Resolution 443 of 2013, effective June 27, 2013, Pittsburgh City Council authorized the City to adopt Phase I of East Liberty Transit Revitalization Investment District Plan, which included the creation of the East Liberty TRID Boundary (the "elTRID Boundary"), and approved the creation of the TRID district described therein (the "elTRID"); and
WHEREAS, the County of Allegheny (the "County") and the Pittsburgh Public School District (the "School District") also agreed to participate in the Phase I elTRID; and
WHEREAS, thereafter, the City entered into a Cooperation Agreement dated as of October 28, 2013, with the County of Allegheny ("County"), Pittsburgh Public School District ("School District"), the Port Authority of Allegheny County (the "Port Authority"), the Urban Redevelopment Authority (the "URA"), and the elTRID Revitalization Authority ("the Management Entity") to set forth the parties' understanding regarding, inter alia, the financing, monitoring, implementation, and termination of Phase I of the elTRID; and
WHEREAS, pursuant to Resolution 835 of 2015, effective December 22, 2015, Pittsburgh City Council f...
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