[HISTORY: Adopted by the City Council of the City of Harrisburg
by Ord. No. 5-1994. Amendments noted where applicable.]
CROSS-REFERENCES
Tax Increment Financing Act, Act of July 11, 1990. P.L. 465,
as amended (53 P.S. § 6930 et seq.).
Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, as amended
(35 P.S. § 1701 et seq.).
A tax increment financing (TIF) district to be known as the
"Market Square North Tax Increment Financing District" is hereby created
as of May 1, 1994. The TIF district shall continue in existence until
the earlier of the date on which the Redevelopment Authority of the
City of Harrisburg federally taxable tax increment financing bonds
(Market Square North Tax Increment Financing District — Pennsylvania
National Mutual Casualty Insurance Company Project), Series of 1994,
or refunding bonds thereof, issued by the Authority to finance the
payment of project costs as described in the project plan and consistent
with the TIF Act,[1] are no longer outstanding or May 1, 2014, unless such
date of termination is extended by ordinance duly enacted by the Council
of this City, in accordance with the applicable provisions of the
TIF Act. In no event shall the TIF district be terminated except in
accordance with the applicable provisions of this chapter and the
TIF Act.
[1]
Editor's Note: See 53 P.S. § 6930 et seq.
The TIF district will extend from the northern intersection
of River and Market Streets west to the intersection of Second and
Market Streets, north to the intersection of Second and Walnut Streets,
west to the intersection of Walnut and River Streets, south to the
intersection of River and Strawberry Streets, west on Strawberry Street
approximately 160 feet to the end of the existing parking garage,
south approximately 60 feet along the edge of said parking garage,
east approximately 160 feet along the edge of said parking garage
to River Street, then to Market Street.
In accordance with the requirements of the TIF Act, and based
upon examination of the conditions currently existing within the TIF
district, City Council hereby finds that:
A.
The TIF district is a contiguous geographic area within a designated
redevelopment area.
B.
The improvements set forth in the project plan are likely to enhance
significantly the value of real property in the TIF district.
C.
The aggregate value of equalized taxable property of the TIF district,
plus all existing tax increment districts within the City at this
time, does not exceed 10% of the total value of equalized taxable
property within the City.
D.
The area comprising the TIF district as a whole has not been subject
to adequate growth and development through investment by private enterprise
and would not reasonably be anticipated to be adequately developed
without the adoption of the project plan.
E.
A feasible method exists for the compensation of individuals, families,
and small businesses that will be displaced by the project and for
their relocation to decent, safe and sanitary dwelling accommodations
within their means, without undue hardship to such individuals, families
and businesses.
F.
The project plan conforms to the City and County Master or Comprehensive
Plans.
G.
The project plan will afford maximum opportunity, consistent with
the sound needs of the community as a whole, for the rehabilitation
or redevelopment of the TIF district by private enterprise.
The form of the cooperation agreement between and among the
City, the Harrisburg School District and the County of Dauphin is
hereby approved. The Mayor, the President of the Council, the City
Controller, or the City Clerk, as appropriate, is hereby authorized
and directed to execute, attest, seal, and deliver the cooperation
agreement in substantially such form with such insertions, deletions
and amendments as the officers of this City executing said documents
and the Solicitor to this City shall deem necessary.
