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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 Clinton Industrial Park Phase I and II TIF District making certain findings and authorizing related agreements.
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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 Findlay (the “Township”) and the West Allegheny 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, construction of a portion of a new public roadway as well as public improvements at the intersection with Clinton Road, and public sewer, water, and other utility lines extended to and through the project (the “TIF Project”) to be located in the Airport Area/Findlay Township Redevelopment Area, and identified as the Clinton Industrial Park Phase I and II TIF District (the “TIF District”), requesting the Authority to prepare a detailed TIF proposal and designating the representatives to work with the Authority, the Township and the School District toward development and implementation of a TIF plan; and
Whereas, the Authority, work...
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