A Resolution of the Council of Allegheny County, Pennsylvania, made pursuant to the Local Economic Revitalization Tax Assistance Act (“LERTA”), Pa. Stat. Ann. tit. 72, § 4722 et seq. (1995), as amended, providing for: a program of temporary exemption from increases in Allegheny County Real Property Taxes, for specified time periods, resulting from improvements made by an owner of property located within a specific geographic area within Findlay Township, County Of Allegheny, Commonwealth Of Pennsylvania, previously determined to be a deteriorated area; establishing a schedule for exempting increases in Allegheny County property taxes resulting from such improvements; and prescribing the requirements and procedures by which an owner of property located within the deteriorated area can secure the temporary exemption resulting from such improvements.
Whereas, Pennsylvania’s Local Economic Revitalization Tax Assistance Act, Pa. Stat. Ann. tit. 72, § 4722 et seq., (1995), as amended, (hereinafter referred to as “LERTA”) authorizes local taxing authorities to enact a program whereby any increases in the assessed valuation of real property for the assessment and levying of real property taxes that is attributable to improvements made by the owner of an industrial, commercial, and other business property located within the geographic confines of a local taxing authority area determined to be deteriorating can be temporarily exempted based upon a schedule establishing the portion of the assessed valuation of the improvements to be exempted within a particular year after the improvements have been made; and
Whereas, as a result of a public hearing held by the Board of Supervisors of Findlay Township (hereinafter the “Board of Supervisors”), the Board of Supervisors has found that the industrial, commercial, and other business property located within a geographic area or region within Findlay Township more specifically described in the document attached hereto and marked...
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