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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 City of Pittsburgh, County of Allegheny (“County”), Commonwealth of Pennsylvania, pursuant to the Local Economic Revitalization Tax Assistance Act, Pa. Stat. Ann. tit. 72 §4722 et seq.
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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 City of Pittsburgh (“City”) consolidated several real estate tax abatement programs pursuant to City Resolutions 29 and 30 of 2019 effective July 1, 2020 (hereinafter referred to as “the enhanced abatements”) to create enhanced, by-right abatements throughout the entire City of Pittsburgh; and
Whereas, the City’s enhanced abatements are available to provide incentives for affordable housing creation and preservation, job creation, and investment in deteriorated areas; and
Whereas, the County, through its Department of Economic Development, recommends that a LERTA Exemption program be implemented within the City to provide similar incentives; and
Whereas, after conducting a public hearing, the Council of the County of Allegheny (“Council”) has determined and designated that a certain geographic area within the City of Pittsburgh, the boundaries of which are more specifically set forth in Attachment “A” hereto, constitutes a deteriorated area under LERTA (hereinafter the “Deteriorated Area”); and
Whereas, the Deteriorated Area is otherwise bound by the Allegheny River to the North and East, the Monongahela River to the South and East, and its Western boundary follows I-579 from the Monongahela ...
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