City of Pittsburgh - File #: 2023-1716

• File #: 2023-1716
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 7/7/2023
• In control: Committee on Intergovernmental and Educational Affairs
• On agenda: 7/11/2023
• Final action: 7/25/2023
• Enactment date: 7/25/2023
• Enactment #: 477
• Effective date: 7/28/2023
• Title: Resolution amending Resolution 852 of 2019, which authorized a Cooperation Agreement between the City of Pittsburgh (the "City") and the Urban Redevelopment Authority of Pittsburgh (the "URA") to divert 75% of the incremental parking taxes from the Garage (as defined below) up to a maximum of $25,000,000, to fund general construction costs at the proposed Block E development, part of the greater Lower Hill development project, in the Lower Hill neighborhood of the City of Pittsburgh, by updating the project details in the whereas clauses that have changed since original enactment.
• Indexes: URA COOPERATION AGREEMENTS

Date	Ver.	Action By	Action	Result
7/28/2023	1	Mayor	Signed by the Mayor
7/25/2023	1	City Council	Passed Finally	Pass
7/19/2023	1	Standing Committee	Affirmatively Recommended	Pass
7/11/2023	1	City Council	Read and referred

title
Resolution amending Resolution 852 of 2019, which authorized a Cooperation Agreement between the City of Pittsburgh (the "City") and the Urban Redevelopment Authority of Pittsburgh (the "URA") to divert 75% of the incremental parking taxes from the Garage (as defined below) up to a maximum of $25,000,000, to fund general construction costs at the proposed Block E development, part of the greater Lower Hill development project, in the Lower Hill neighborhood of the City of Pittsburgh, by updating the project details in the whereas clauses that have changed since original enactment.

body
Be it resolved by the Council of the City of Pittsburgh as follows:

Resolution 852 of 2019, entitled "Resolution authorizing a Cooperation Agreement between the City of Pittsburgh (the "City") and the Urban Redevelopment Authority of Pittsburgh (the "Authority") to divert 75% of the incremental parking taxes from the Garage (as defined below) up to a maximum of $25,000,000, to fund general construction costs at the proposed Block E development, part of the greater Lower Hill development project, in the Lower Hill neighborhood of the City of Pittsburgh," is hereby amended as follows:

WHEREAS, the Block E development will be a mixed-use garage, entertainment, and retail development on property owned by the Sports and Exhibition Authority, located at Block 2-C, Lot 406, in the 3rd Ward of Pittsburgh (the "Project") and an integral 850-space parking garage for the Project an integral parking garage with approximately 910 parking spaces (the "Garage"); and

WHEREAS, the Project is expected to help catalyze the Lower Hill development project, help alleviate the parking shortage, and generate significant parking taxes due to the need for such a facility; and

WHEREAS, the developer of the Project, Buccini/Pollin Group, Inc. Parking Partners XXIII Block E LLC (the "Redeveloper"), or a related affiliate of Buccini/Pollin Group, Inc., has indicated that additional funds are nee...