TITLE
Resolution of the County of Allegheny providing for a program of temporary exemption from County real property taxes for improvements, including, without limitations, repairs, construction or reconstruction, made on industrial, commercial or business property in a deteriorated area in the Borough of Forest Hills, County of Allegheny County, Commonwealth of Pennsylvania, pursuant to the Local Economic Revitalization Tax Assistance Act, 72 Pa. Stat. Ann. §4722 et seq.
BODY
Whereas, the Local Economic Revitalization Tax Assistance Act (“LERTA”), 72 Pa. Stat. Ann. §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 Borough Council of the Borough of Forest Hills (“Borough Council”) conducted a public hearing to determine and designate the geographic boundaries of a deteriorated area; and
Whereas, the Borough Council and the Board of Directors of the Woodland Hills School District (“School Board”) have established the boundaries of the deteriorated area as more specifically set forth in Attachment “A” hereto and adopted the temporary exemption program, and;
Whereas, the Borough Council 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 Allegheny County hereby enacts as follows:
Section 1. Incorporation of Preamble
The provisions set forth in the preamble to this Resolution are incorporated by reference
in their entirety herein.
Section 2. Definitions
As used in this R...
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