title
Resolution authorizing the County of Allegheny to opt out of participating in a Tax Increment Financing District for the "Upper Washington Road Area" in the Municipality of Mt. Lebanon
body
WHEREAS, the Pennsylvania Tax Increment Financing Act (the "Act") allows municipalities within the Commonwealth to finance the costs of redevelopment projects through the issuance of debt supported by incremental increases in real estate taxes; and
WHEREAS, the Municipality of Mt. Lebanon (the "Municipality") and the Mt. Lebanon School District (the "School District") have formed a committee to determine whether tax increment financing shall be made available to assist in the redevelopment of certain parcels of real property located within the Municipality; and
WHEREAS, the Redevelopment Authority of Allegheny County (the "Authority"), the Municipality and the School District, working with 440 Washington Road LP (the "Developer"), have prepared a plan (the "TIF Plan") for the Upper Washington Road Area in the Municipality of Mt. Lebanon (the "Redevelopment Area") in accordance with the requirements of the Act; and
WHEREAS, the TIF Plan contemplates the allocation of certain projected increases in real estate taxes payable to the Municipality and to the School District to the payment of costs of infrastructure improvements to be completed within a TIF District in the Redevelopment Area; and
WHEREAS, the Municipality, the School District and the Developer have agreed that no request will be made that Allegheny County be a participant in the TIF Plan or its financing, and the Act requires that this Council, as the governing body of a municipality that levies property taxes within the boundaries of a proposed TIF district, adopt a resolution signifying its election to not participate in the district.
The Council of the County of Allegheny hereby enacts as follows:
Section 1.
The County hereby opts not to participate in whole or in part in the tax increment financing district being formed by the Municipality within the Redevelopment Area.
Section 2.
A copy of this resolution shall be delivered to the Mt. Lebanon Board of Commissioners and to the Board of Directors of the School District of Mt. Lebanon, in satisfaction of the requirements of the Act, on or before the date on which the Municipality will conduct it public hearing(s) on this matter.
Section 3. If any provision of this Resolution shall be determined to be unlawful, invalid, void or unenforceable, then that provision shall be considered severable from the remaining provisions of this Resolution which shall be in full force and effect.
Section 4. Any Resolution or Ordinance or part thereof conflicting with the provisions of this Resolution is hereby repealed so far as the same affects this Resolution.