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File #: 1562-04    Version: 1 Name: Resolution of the County of Allegheny, Commonwealth of Pennsylvania, establishing a policy on the appropriate use of Tax Increment Financing (TIF) within the County.
Type: Resolution Status: Withdrawn
File created: 5/18/2004 In control: Committee on Economic Development & Housing
On agenda: Final action: 5/18/2004
Title: Resolution of the County of Allegheny, Commonwealth of Pennsylvania, establishing a policy on the appropriate use of Tax Increment Financing (TIF) within the County.
Sponsors: Wayne Fontana
Attachments: 1. 1562-04 Fontana Resolution re TIF Policy.doc
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Resolution of the County of Allegheny, Commonwealth of Pennsylvania, establishing a policy on the appropriate use of Tax Increment Financing (TIF) within the County.

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WHEREAS, Allegheny County Council wishes to promote sustainable development within Allegheny County that will add to the quality of life for residents and visitors;

WHEREAS, a robust regional economy and the quality jobs it provides are necessary to sustain that quality of life;

WHEREAS, tax increment financing is one useful tool for helping stimulate the economy by committing local governments to spend a portion of future potential tax revenues to finance specific public improvements including water and sewer lines, roads, and other infrastructure;

WHEREAS, Allegheny County wishes to encourage, as appropriate and among other things, the development of mixed-use communities with a mixture of office, industrial, retail, and residential uses in proximity within a single project;

WHEREAS, Allegheny County Council wishes to provide citizens of Allegheny County, local municipalities, businesses, developers, and other interested parties with a clear policy regarding the appropriate use of tax increment financing within Allegheny County; and

NOW, THEREFORE, in accordance with the Tax Increment Financing Act, 53 P.S. § 6930.5, and the Administrative Code of Allegheny County, § 915.01,

The Council of the County of Allegheny hereby resolves as follows:

SECTION 1.

Allegheny County Council hereby adopts the following policy:

A. Allegheny County, as a matter of general policy, will utilize tax increment financing:

1. For uses that are consistent with applicable comprehensive plans and the appropriate municipal land use ordinances, as they apply to the proposed project site. Such plans should take into account consideration of environmentally sensitive areas, the redevelopment of brownfields, and the fabric and general needs of the community, to ensure that invest...

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