title
An Ordinance of the County of Allegheny to repeal Ordinance No. 09-05 and revoke approval of the Deer Creek Crossing Tax Increment Financing Plan, as presented by the Redevelopment Authority of Allegheny County.
body
Whereas, Pennsylvania's Tax Increment Financing Act (Act of July 11, 1990, P.L. 465, No. 113) (the “Act”) provides local taxing bodies legal authority to cooperate in providing financing for development of blighted areas within their respective jurisdictions in order to increase the tax base and improve the general economy; and
Whereas, under the Act, the Redevelopment Authority of Allegheny County (the “Authority”) is legally empowered to prepare a Tax Increment Financing (“TIF”) proposal to provide financing for the elimination and prevention of the development or spread of blight within specified tax increment districts located in the County and to present such Proposal to the County for its consideration; and
Whereas, pursuant to the Act, the County of Allegheny created the Deer Creek Crossing Tax Increment Financing District (the “TIF District”) on October 7, 1999 (the “1999 Ordinance”) and adopted the Deer Creek Crossing Tax Increment Financing Plan (the “TIF Plan”) to provide financing for construction of public infrastructure improvements within the TIF District associated with a new retail development (“the Deer Creek Project”) based upon certain then-existing conditions; and
Whereas, because of changed circumstances and conditions of the proposed development, the Authority adopted an amendment to the TIF (“Amended TIF Plan”) in accordance with the requirements of the Act, and this Amended TIF Plan was approved by Act of Council on February 22, 2005 via Ordinance 09-05; and
Whereas, the project as contemplated by the Amended TIF Plan has not been undertaken in a timely manner and it appears that no substantial progress has been made towards completion of the project as contemplated by the Amended Project Plan; an...
Click here for full text