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An Ordinance of the County of Allegheny, Commonwealth of Pennsylvania, amending and supplementing the Allegheny County Code of Ordinances, Division 4, entitled "Finances," by the creation of a new Article 485 entitled "Local Economic Revitalization Tax Assistance," in order to establish a uniform process for periodically reviewing the County's Local Economic Revitalization Tax Assistance activities.
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WHEREAS, the County approves participation in Local Economic Revitalization Tax Assistance (LERTA) activities from time to time and periodically designates areas as "deteriorated" under the terms of the Local Economic Revitalization Tax Assistance Act, 72 P.S. §4722 et. seq.; and
WHEREAS, LERTA programs entail the discounting the property taxes that would ordinarily be paid on a developed parcel located within a designated deteriorated area of the County; and
WHEREAS, in the process of allowing such discount, the County foregoes revenue that would otherwise be used to pay for County services to all County residents; and
WHEREAS, although the approval of County Council is required for LERTA arrangements, Council does not receive any periodic update regarding the effectiveness or continued utility of previously granted LERTAs, nor does Council receive any information regarding the actual impact of any previously granted LERTAs on economic development; and
WHEREAS, it is the desire of Council to establish a mechanism for reviewing the effectiveness, utility and continuing desirability of LERTA arrangements;
The Council of the County of Allegheny hereby enacts as follows:
SECTION 1.
The Allegheny County Code of Ordinances, Division 4, entitled "Finances," is hereby amended by the creation of a new Article 485 entitled "Local Economic Revitalization Tax Assistance," comprised as follows:
§485-01. Local Economic Revitalization Tax Assistance Reports.
A. No later than January 31 of each calendar year, the County Manager and ...
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