[Adopted 4-12-2001 by Ord. No. 1121]
The President of Borough Council is hereby authorized to enter into a cooperation agreement with the Steel Valley Enterprise Zone and any or all of its members, and to amend the same from time to time, which agreement and amendments shall be kept on file and available for public inspection in the office of the Borough Secretary, and are incorporated herein by reference, and made a part hereof.
The purpose and objectives of the agreement are to participate in the Enterprise Zone Program offered by the Commonwealth of Pennsylvania, Department of Community and Economic Development, and other programs offered to enterprise zones by federal, state or local governments, or other entities.
The conditions of the agreement and any amendments shall be as set forth therein.
The term of the agreement and amendments shall be as set forth therein.
The manner of financing the agreement and amendments shall be as set forth therein.
No additional organizational structure shall be required to implement the agreement.
This article shall become effective immediately.
All intergovernmental cooperation agreements with Steel Valley Enterprise Zone and any or all of its members, and amendments thereto, which were entered into prior to the date of the enactment of this article are hereby ratified.
All amendments to the intergovernmental cooperation agreement made after the date of the enactment of this article shall be approved by ordinance or resolution duly advertised in accordance with the Pennsylvania Borough Code.