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A Resolution of the County of Allegheny agreeing to participate in a Transit Revitalization Investment District Plan for Phase 1 of the Manchester-Chateau Project and authorizing related agreements.
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WHEREAS, the Transit Revitalization Investment District Act, Act of Dec. 8, 2004, P.L. 1801, No. 238 (the “Act”), as amended, provides local taxing bodies with authority to cooperate in establishing transit-oriented development and value capture areas, as defined in the Act, within their respective jurisdictions to increase the tax base and improve the general economy of their communities; and
WHEREAS, pursuant to the Act, the Urban Redevelopment Authority of Pittsburgh (“Authority”) is legally empowered to prepare Transit Revitalization Investment District Plans (“TRID Plans”) to provide financing for local, county and regional economic development and revitalization activities through private sector investment, reinvestment and joint development activities in conjunction with public transportation improvements in TRID districts located in the City of Pittsburgh (“City”) and to present such TRID plans to the City, the School District of Pittsburgh (“School District”), Allegheny County (“County”), and the Port Authority of Allegheny County doing business as Pittsburgh Regional Transit (“PRT”) for consideration; and
WHEREAS, the Authority, working with the designated representatives of the City, the County, the School District, and PRT, undertook a TRID Planning Study, as required by the Act, to explore the creation of a TRID in the City’s Manchester and Chateau neighborhoods and the TRID Planning Study provided, among other things, the rationale for creating a TRID within the Manchester and Chateau neighborhoods (the “MC TRID”) and articulated the types of improvements that could be eligible for TRID funding (“Phase 1 TRID Funding Eligible Projects”); and
WHEREAS, the Authority, working with the designated representatives of the City, the County, the...
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