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A Resolution of the County Council of Allegheny County creating the McClaren Road Tax Increment Financing District and authorizing related actions.
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Whereas, the Tax Increment Financing Act, 53 P.S. §6930.1 et. seq. (the“Act”), provides local taxing bodies with authority to cooperate in providing financing for development of blighted areas, as defined in the Act, within their respective jurisdictions to increase the tax base and improve the general economy; and
Whereas, pursuant to the Act the Redevelopment Authority of Allegheny County (the “Authority”) the Township of Findlay (the "Township"), the West Allegheny School District (the “School District”), and the County of Allegheny (the “County”) and the Allegheny County Airport Authority (the “Developer”) have prepared a Tax Increment Financing Plan (the “TIF Plan”) to provide financing for the development of certain real property located in the Township (as further defined in Exhibit A, the “TIF District”); and
Whereas, the properties comprising the proposed TIF District have been determined to have conditions of blight as described in the Urban Redevelopment Law and the TIF District has been identified by the County as a redevelopment area; and
Whereas, the Authority, the School District, and the Township have adopted Resolutions or Ordinances agreeing to participate in the TIF Plan; and
Whereas, the Authority, working with the designated representatives of the Township, School District, and County, has recommended the TIF Plan for the development of the TIF District in accordance with the requirements of the Act; and
Whereas, the County is expected to benefit from the creation of the TIF District and the proposed TIF Plan by stimulation of private investment, increases in property values, creation of employment opportunities, and improvement of surrounding properties; and
Whereas, the Council of Allegheny County (the "Council") believes that adoption of the TIF Plan will benefit th...
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