TITLE
A Resolution of the County of Allegheny adopting the Potato Garden Run Tax Increment Financing Plan presented by the Redevelopment Authority of Allegheny County, creating the Potato Garden Run Tax Increment Financing District and authorizing related agreements.
BODY
Whereas, Pennsylvania's Tax Incremental Financing Act (53 P.S. §6930.01 et seq., as amended) (the "Act") provides local taxing bodies with 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 Plan (the "TIF Plan") to provide financing for the elimination and prevention of the development or spread of blight within specified tax increment districts located in the County of Allegheny (the “County”) and to present such project plan to the County for its consideration; and
Whereas, the Township of Findlay (the “Township”), the West Allegheny School District (the “School District”) and the County have each adopted resolutions on February 2, 2006, February 15, 2006 and March 17, 2006 respectively, agreeing to explore the use of a TIF to fund a portion of the costs of construction of a public sewer and water infrastructure project (the “TIF Project”) and authorizing the Authority to prepare a detailed TIF Plan; and
Whereas, the School District and the Township have each adopted resolutions on September 20, 2006 and October 11, 2006 respectively, agreeing to participate in a TIF Plan for financing a portion of the costs the TIF Project to be located in the Findlay/Airport Area Redevelopment Area, and identified as the Potato Garden Run TIF District (the “TIF District”); and
Whereas, the Authority, working with the designated representatives of the County, the Township and the School District, has ...
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