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Resolution of the County of Allegheny Regarding Tax Increment Financing Plan presented by the Redevelopment Authority of Allegheny County, creating the Mt. Nebo Pointe Tax Increment Financing District, and making certain findings.
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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, the Township of Ohio (the “Township”) and the Avonworth School District (the “School District”) have each adopted resolutions agreeing to participate in a TIF plan for financing certain of the costs of construction of roadway and related public infrastructure improvements within the Township, including, without limitation, (a) the addition of and modification of traffic and improvements to local roads including, without limitation, Mt. Nebo Road, Camp Horne Road, Lowries Run Road and Roosevelt Road, and (b) the construction of sanitary sewer and water infrastructure improvements, including a new on-site water distribution system, improvements to the off-site sanitary sewer system, a new on-site sanitary sewer system, improvements to the off-site storm water system and new wetlands and stream enhancements (the “TIF Project”) to be located on a 79.7 acre property located in Ohio Township, Allegheny County, bounded by McAdams Lane to the North, Mt. Nebo Road to the West, Lowries R...
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