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File #: 5272-09    Version: 1 Name: A Resolution of the County of Allegheny authorizing the distribution of certain assets of the Allegheny County Economic Development, Community Infrastructure and Tourism Board to the Redevelopment Authority of Allegheny County, as agent for the County of
Type: Resolution Status: Approved
File created: 12/1/2009 In control: Committee on Economic Development & Housing
On agenda: Final action: 12/15/2009
Title: A Resolution of the County of Allegheny authorizing the distribution of certain assets of the Allegheny County Economic Development, Community Infrastructure and Tourism Board to the Redevelopment Authority of Allegheny County, as agent for the County of Allegheny; ratifying and adopting all actions of the Allegheny County Economic Development, Community Infrastructure and Tourism Board as actions of Allegheny County; appointing the Redevelopment Authority of Allegheny County as agent for Allegheny County for the purpose of administering the FY 2007-08 funds provided for use in the County under the Pennsylvania Race Horse Development and Gaming Act and previously accepted by the County; and approving an Agency Agreement with the Redevelopment Authority of Allegheny County regarding the FY 2007-08 funds.
Sponsors: Rich Fitzgerald, John DeFazio, Michael Finnerty, William Robinson, Bob Macey
Attachments: 1. 46-09-RE Bill No. 5272-09.pdf
title
A Resolution of the County of Allegheny authorizing the distribution of certain assets of the Allegheny County Economic Development, Community Infrastructure and Tourism Board to the Redevelopment Authority of Allegheny County, as agent for the County of Allegheny; ratifying and adopting all actions of the Allegheny County Economic Development, Community Infrastructure and Tourism Board as actions of Allegheny County; appointing the Redevelopment Authority of Allegheny County as agent for Allegheny County for the purpose of administering the FY 2007-08 funds provided for use in the County under the Pennsylvania Race Horse Development and Gaming Act and previously accepted by the County; and approving an Agency Agreement with the Redevelopment Authority of Allegheny County regarding the FY 2007-08 funds.
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Whereas, pursuant to the Pennsylvania Race Horse Development and Gaming Act, 4 Pa.C.S.A. ยง1101, et seq. (the "Act"), the Commonwealth of Pennsylvania established the Pennsylvania Gaming Economic Development and Tourism Fund (the "State Fund"); and

Whereas, in 2007 the Commonwealth adopted the Pennsylvania Gaming Economic Development and Tourism Fund Capital Budget Itemization Act of 2007, for the purpose of itemizing projects to be assisted by the Department of Community and Economic Development, together with their estimated financial costs, authorizing recurring payments for certain projects, and making appropriations (the "State Budget"); and

Whereas, under the provisions of the State Fund and State Budget, for a twelve year period, the State Fund will provide monies to support certain restricted and specified projects, as set forth in greater detail in the Act, within cities and counties of the first and second class; and

Whereas, one of the restricted and specified projects identified in the Act and State Budget is to pay $80 million to a county of the second class "for distribution to a community infrastructure development fund ...

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