Title...
A Resolution of the County Council of Allegheny County amending the Potato Garden Run Tax Increment Financing Plan and authorizing related actions.
Body...
Whereas, on November 21, 2006 pursuant to the Tax Increment Financing Act, 53 P.S. §6930.1 et. seq. (“Act”), and in cooperation with the Township of Findlay (the "Township"), the West Allegheny School District (the "School District"), and the Redevelopment Authority of Allegheny County (the "Redevelopment Authority"), the County of Allegheny, Pennsylvania (the "County") adopted legislation creating the "Potato Garden Run Tax Increment Financing District (the "TIF District"); and
Whereas, development within the TIF District has occurred substantially in accordance with the tax increment financing plan attached hereto and incorporated herein as Exhibit "A" (the "Original TIF Plan"); and
Whereas, the Redevelopment Authority and Imperial Land Corporation (the "Developer") have requested that the County, the Township, and the School District amend the Original TIF Plan by removing the currently undeveloped parcels of property identified in Exhibit "B" to this Resolution (the "Released Parcels") from the TIF District; and
Whereas, pursuant to 53 P.S. § 6930.5 (a)(8) of the Act, the governing body of the municipality which created the TIF District may at any time, subject to 53 P.S. §6930.6(c), adopt an amendment to the Original TIF Plan, which shall be subject to approval in the same manner as the original project plan; and
Whereas, the Redevelopment Authority has made formal presentations to the governing bodies of each of the Township, the County, and School District, describing the proposed amendments to the Original TIF Plan, and each of the Taxing Bodies designated its representative to meet with the Redevelopment Authority to discuss the amendments and to prepare the First Amendment to the Tax Increment Financing Plan for the Potato Garden Run Tax Increment Financing Project attached her...
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