A Resolution of County of Allegheny approving amendments to the Riverplace-City Center of Duquesne Tax Increment Financing Plan and Riverplace-City Center of Duquesne Tax Increment Financing District and authorizing a new Tax Increment Financing project within the Tax Increment Financing District and related actions.
Whereas, pursuant to the Tax Increment Financing Act, 53 PA. Stat. Ann. §6930.1 et. seq. (“Act”), the City of Duquesne, Pennsylvania (the “City”) adopted its Ordinance No. 99-3 on November 10, 1999 creating the “Riverplace-City Center of Duquesne Tax Increment Financing District” (the “TIF District”); and
Whereas, the County of Allegheny (“County”), the Duquesne City School District (the “School District”) have agreed to participate in the TIF District and the Redevelopment Authority of the City of Duquesne (the “Redevelopment Authority”) agreed to prepare a project plan in accordance with the Act; and
Whereas, development within the TIF District has occurred in accordance with the tax increment financing plan originally approved for the TIF District, which is attached hereto and incorporated herein as Exhibit “A” (the “Original TIF Plan”); and
Whereas, the Regional Industrial Development Corporation (“RIDC”) has proposed to undertake a new Tax Increment Financing Project, consisting of a flex industrial building and related public and private improvements (the “Riverplace-City Center of Duquesne Tax Increment Financing Project” or the “new TIF Project”), within the TIF District as more fully set forth in Exhibit “B” attached hereto and made a part hereof; and
Whereas, the Redevelopment Authority and RIDC have requested that the County, the City, and the School District agree to amend the Original TIF Plan by extending the term of the Original TIF Plan and by amending the boundaries of the TIF District, all as more fully set forth and described in Exhibit “C” to this Resolution; and
Whereas, pursuant to Section 6930.5 (a)(8) of the Act...
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