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A Resolution of the Council of the County of Allegheny exempting certain taxes within a specified geographic area designated as a Keystone Opportunity Expansion Zone within the Township of Harrison and the Borough of Brackenridge, Allegheny County.
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Whereas, the County of Allegheny (the “County”) recognizes the need to encourage investment in a defined geographic area described as set forth in Exhibit A, hereinafter the “Keystone Opportunity Expansion Zone,” that is experiencing economic distress; and
Whereas, the Keystone Opportunity Zone and Keystone Opportunity Expansion Zone Act, as amended by Act 79 of 2008 (the “Act”) authorizes political subdivisions to apply to the Pennsylvania Department of Community and Economic Development (“DCED”) for designation of an area within the respective political subdivision as an additional Keystone Opportunity Expansion Zone (“KOEZ”) and, as a precondition of such application, to enact a binding resolution that provides within the designated and approved geographic area, exemptions, deductions, abatements or credits from all local taxes identified in the Act, which resolutions will be contingent upon DCED's approval of the application; and
Whereas, enactment of the KOEZ will support development of the Allegheny Ludlum Corporation (“ALC”) Hot Strip Mill Project at the Brackenridge Plant and Technical & Commercial Center; and
Whereas, the County is participating in an application to DCED, via the Southwestern Pennsylvania Commission, seeking DCED's approval of a KOEZ.
The Council of the County of Allegheny hereby resolves as follows:
Section 1. Incorporation of Preamble.
The provisions set forth in the preamble to this Resolution are incorporated by reference in their entity herein.
Section 2. Proposed KOEZ Boundary.
The County does hereby find that the specific geographic area situated in the Township of Harrison and the Borough of Brackenridge...
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