A Resolution of the Council of Allegheny County, Pennsylvania amending Resolution No. 24-14-RE to expand the “Three Crossings” LERTA District in the City of Pittsburgh to include six (6) additional parcels
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, on September 9, 2014, at the request of the City of Pittsburgh, Allegheny County Council enacted Resolution 24-14-RE establishing a LERTA program exempting increases in assessed valuation resulting from improvements made to industrial, commercial, and other business property within the Three Crossings LERTA District from County real property taxation; and
Whereas, Oxford Development Company (“Developer”) has requested that the County amend Resolution No. 24-14-RE to include six (6) additional parcels in the Three Crossings LERTA District so that any increases in assessed valuation resulting from improvements made to industrial, commercial, and other business property on these six (6) parcels would also be exempt from County real property taxation; and
Whereas, the Council of the County of Allegheny finds that inclusion of these six additional parcels described below as part of the Three Crossings LERTA District would contribute to the general welfare of the citizens of Allegheny County by spurr...
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