TITLE
Resolution of the County of Allegheny providing for a program of temporary exemption from county real property taxes for improvements, including repairs, construction, or reconstruction, made on industrial, commercial or business property in a deteriorated area in the Township of North Fayette, County of Allegheny County, Commonwealth of Pennsylvania, pursuant to the Local Economic Revitalization Tax Assistance Act, Pa. Stat. Ann. Tit. 72 §4722 et seq.
BODY
Whereas, The Local Economic Revitalization Tax Assistance Act (“LERTA”), Pa. Stat. Ann. Tit. 72 §4722 et seq., authorizes local taxing authorities to exempt from real estate taxation, for specific periods, the assessed valuation of improvements to deteriorated industrial, commercial and other business property; and
Whereas, the Board of Supervisors (“Supervisors”) of the Township of North Fayette (“Township”) conducted a public hearing to determine and designate the geographic boundaries of a deteriorated area located within the Imperial Business Plan of Lots; and
Whereas, the Supervisors and the Board of School Directors (“School Directors”) of the West Allegheny School District (“School District”) have established the boundaries of the deteriorated area as more specifically set forth in Attachment “A” hereto (hereinafter the “Deteriorated Area”) and adopted the temporary exemption program, and;
Whereas, the Township has requested the County of Allegheny to enact similar legislation; and
Whereas, the County Council finds that the implementation of a temporary tax exemption program in certain designated deteriorated areas would contribute to the general welfare of the community by spurring economic activity and promoting improvement in the area's housing stock and business and commercial property.
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 this Resolution ar...
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