title
An Ordinance of the County of Allegheny to amend the Deer Creek Crossing Tax Increment Financing Plan, as presented by the Redevelopment Authority of Allegheny County, and making certain findings.
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; and
Whereas, the Township of Harmar (the “Township”) and the Allegheny Valley School District (the “School District”) have each adopted legislation agreeing to participate in an amended TIF Plan for financing certain of the costs of construction of roadway and related public infrastructure improvements within the Township, including, without limitation, an interchange at Route 28 and Route 910 and sanitary sewer, erosion control, pavement, lighting, signals, relocation of roadways, and improvements to local roads (the “TIF Project”) to be located in the Deer Creek Crossing Redevelopment Area and identified as the Deer Creek Crossing TIF District (the “TIF District”), and r...
Click here for full text