TITLE
Resolution of the Council of the County of Allegheny adopting the North Side Stadium Area Tax Increment Financing Plan presented by the Urban Redevelopment Authority of Pittsburgh, and making certain findings.
BODY
Whereas, Pennsylvania's Tax Increment Financing Act, 53 P.S.§ 6930.1 et seq. (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 Urban Redevelopment Authority of Pittsburgh (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 County has previously adopted Resolution No. 22-03-RE, Bill No. 1110-0303 endorsing the concept of a TIF plan for financing of certain improvements in portions of the North Shore Stadiums Redevelopment Area, requesting the Authority to prepare a detailed TIF proposal and designating the County's representative to work with the Authority, the City of Pittsburgh (the “City”) and the School District of Pittsburgh (the “School District”) toward the development and implementation of such a TIF plan; and
Whereas, the City and the School District have also adopted resolutions indicating their respective commitments to participate in a TIF financing plan for the North Shore Stadiums Redevelopment Area; and
Whereas, the Authority, working with the designated representatives of the City, the County and the School District, has adopted and recommended a TIF Plan, in the form of the North Side Stadiums Area TIF Plan, and in accordance with the requirements of the Act; and
Whereas, the Act provides for the cooperation of local taxi...
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