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A Resolution of the Council of the County of Allegheny authorizing pursuit of a Tax Increment Financing plan in Mount Lebanon Municipality, Allegheny County, Pennsylvania.
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Whereas, Pennsylvania's Tax Increment Financing Act, 53 P.S. §6930.1 et seq., (the “Act”) provides local taxing bodies authority to cooperate in providing financing for development of blighted areas within their respective jurisdictions in order to increase the tax base, provide new employment opportunities and improve the general economy; and
Whereas, under the Act the Redevelopment Authority of Allegheny County (“RAAC”) may prepare a Tax Increment Financing (“TIF”) Plan to provide financing for the elimination and prevention of the development or spread of blight within designated tax increment districts located in Allegheny County (the “County”); and
Whereas, Michael G. Zamagias Interests Ltd. (the “Developer”) is working to construct public infrastructure necessary to facilitate the development of the Washington Park mixed use urban infill development (the “Project”) situated within the jurisdiction of Mount Lebanon Municipality (the “Municipality”); and
Whereas, the County is expected to benefit from increases in property values, creation of employment opportunities and improvement of surrounding properties; and
Whereas, the implementation of any TIF Plan is fully dependent on the cooperation of the County and the cooperation and participation of local taxing bodies, namely the Municipality and Mount Lebanon School District (the “School District”); and
Whereas, the respective governing bodies of the School District and the Municipality passed or will pass resolutions designating representatives to work on the TIF Committee and participate in implementing a TIF Plan with respect to the Project.
The Council of the County of Allegheny hereby resolves as follows:
Section 1. Incorporation of the Preamble.
The provisions set forth in the preamble to thi...
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