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A Resolution of the Council of the County of Allegheny Authorizing an Amendment to the NORTH SHORE EAST/RIVER AVENUE TIF Plan to Remove Three Parcels from the Previously Established TIF District.
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Whereas, Pennsylvania’s Tax Increment Financing Act, 53 P.S. §§ 6930.1 et seq. (the “Act”), provides local taxing bodies the legal authority to cooperate in providing financing for the development of blighted areas within their respective jurisdictions in order to increase the tax base and improve the general economy; and
Whereas, the “North Shore East/River Avenue Tax Increment Financing Plan” (the “TIF Plan”) prepared by the Urban Redevelopment Authority of Pittsburgh (the “Authority”) was approved by the School District of Pittsburgh (the “School District”) by resolution of October 27, 1999 and by the County of Allegheny (the “County”) by resolution of October 21, 1999; and
Whereas, by resolution of November 30, 1999, the City of Pittsburgh (the “City” and, together with the County and the School District, the “Taxing Bodies”) approved and adopted the TIF Plan and created the North Shore East/River Avenue Tax Increment Financing District (sometimes referred to as the “Heinz TIF District”) (the “TIF District”); and
Whereas, pursuant to the TIF Plan, the Taxing Bodies and the Authority entered into a Cooperation Agreement Regarding the North Shore East/River Avenue Tax Increment Financing District dated as of May 1, 2001 (the “Cooperation Agreement”); and
Whereas, the Cooperation Agreement contemplates that the Authority may propose such amendments to the TIF Plan, the TIF District, and the Cooperation Agreement as it deems advisable but no such amendment shall be effective until approved by each of the Taxing Bodies and the Authority; and
Whereas, there are approximately three years remaining before termination of the TIF District, and a developer, Crow Hill Development, LLC (the “Developer”), is planning a $35M project, consisting of 133 reside...
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