title
Motion of the Council of Allegheny County amending the Rules of Council, adopted February 17, 2004, by adding a new Section D to Article IV.
body
NOW THEREFORE, IT IS MOVED, BY THE COUNCIL OF ALLEGHENY COUNTY,
that Article IV of the Rules of Council is amended to add a new Section D as follows:
D. Tax Increment Financing (TIF)
1. When considering legislation authorizing participation in tax increment financing, Council will utilize tax increment financing:
a) Principally to facilitate the creation of high quality employment opportunities;
b) For uses that are consistent with applicable comprehensive plans and the appropriate municipal land use ordinances, as they apply to the proposed project site; and taking into account environmental impact, the desired redevelopment of brownfields, and the fabric and general needs of the community to ensure that investments are made in the appropriate locations, that sustainable design is encouraged, and that green space and other community assets are strengthened and protected;
c) Where its use adds aggregate value to the regional economy;
d) In areas so designated by applicable comprehensive plans, and which take advantage of existing public infrastructure investment;
e) Principally in areas suffering economic distress, such as deteriorated urban areas and brownfields;
f) When there is a good faith effort on the part of the developer for participation in the project by existing Southwestern Pennsylvania residents, including individuals and small businesses;
g) Where the project in question does not have substantial adverse environmental effects; and
h) Only to assist with the financing of public improvements, public infrastructure, and such other appropriate uses as are detailed in the Tax Increment Financing Act, 53 P.S. ยง 6930.5.
2. Participation in the tax increment financing will only be to the extent necessary to make a project viable and at a maximum participation rate...
Click here for full text