TITLE
A Resolution 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 Municipality of Monroeville, County of Allegheny, 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 Municipal Council (“Council”) of the Municipality of Monroeville (“Municipality”) conducted a public hearing to determine and designate the geographic boundaries of a deteriorated area located within the Municipality; and
Whereas, the Elmhurst Group (“Elmhurst”) is expected to utilize the LERTA as a mechanism to finance certain infrastructure improvements within the Municipality; and
Whereas, the Council, School Directors and County Council have been informed the Redevelopment Authority of Allegheny County (the “Authority”) is making application for funding on behalf of Elmhurst to reimburse the cost of these improvements; and
Whereas, it is anticipated this Resolution will be repealed at such time when Elmhurst has been repaid; and
Whereas, the Council has 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 Board of School Directors (“School Directors”) of the Gateway School District (“School District”) have also adopted the temporary exemption program; and
Whereas, the Municipality has requested the County of Alleghen...
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