Title
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 deteriorated areas of the Borough of Homestead, the Borough of West Homestead, and the Borough of Munhall, County of Allegheny, Commonwealth of Pennsylvania, pursuant to the Local Economic Revitalization Tax Assistance Act, Pa. Stat. Ann. Tit. 72 §4722 et seq.
Body
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 Borough Councils (the “Councils”) of the Borough of Homestead, the Borough of West Homestead and the Borough of Munhall (the “Boroughs”) conducted public hearings to determine and designate the geographic boundaries of deteriorated areas located within the Boroughs; and
Whereas, the Councils have established the boundaries of the deteriorated areas as more specifically set forth in Attachment “A” hereto (hereinafter the “Deteriorated Areas”) and adopted the temporary exemption program; and
Whereas, the Board of School Directors (“School Directors”) of the Steel Valley School District (“School District”) have also adopted the temporary exemption program; and
Whereas, the Boroughs have requested the County of Allegheny to enact similar legislation; and
Whereas, the County Council finds that the implementation of a temporary tax exemption program in certain designated deteriorated areas would contribute to the general welfare of the community by spurring economic activity and promoting improvement in the area's business and commercial property.
The Council of the County of Allegheny hereby resolves as follows:
Section 1. In...
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