[Adopted 7-5-2016 by Ord.
No. 1058]
The title and background of this article as set forth above
are incorporated herein by reference.[1]
[1]
Editor's Note: For title and background specifics, see
original Ord. No. 1058, on file in the Borough offices.
The Council of the Borough of Edgewood hereby approves entering
into the agreement, a copy of which is attached hereto and incorporated
herein by reference (and which shall be filed with the minutes of
the meeting at which this ordinance was enacted), with the intent
and effect that the Borough of Edgewood shall be bound by the agreement.
The Council President is hereby authorized and directed on behalf
of the Council:
A.
To execute and deliver the agreement; and
B.
To execute and deliver such additional instruments, and to take such
further actions, as may be necessary or appropriate to carry forth
the agreement and the transactions to be effected under the agreement,
including financial commitments as set forth.
All action of any officer, agent or other representative of
the Borough of Edgewood heretofore taken in the pursuit of the establishment
of the Tri-COG Land Bank and/or the Borough of Edgewood of Allegheny
County's participation therein are hereby ratified and approved
in all respects.
The Council President is hereby authorized to take such other
action as may be necessary or appropriate to carry out the purposes
of this ordinance and of the agreement.
As required by the Act, the following matters are specifically
found and determined:
A.
The conditions of the agreement are set forth in the agreement;
B.
The duration of the agreement is set forth in the agreement;
C.
The purposes, objectives, powers and scope of authority granted in
the agreement are set forth in the recital clauses of the ordinance
and in the agreement;
D.
The manner and extent of financing the agreement is through the allocation
of real estate taxes and budgetary contributions set forth in §§ 6.6
and 8.2, respectively, of the agreement, among other things;
E.
The corporate organizational structure of the Tri-COG Land Bank shall
be comprised of a Board of Directors in accordance with its bylaws
as a land bank (the "bylaws");
F.
All property, real or personal, of the Tri-COG Land Bank shall be
acquired, managed, licensed or disposed of in accordance with the
terms of the agreement and the bylaws;
G.
The Tri-COG Land Bank is empowered to enter into contracts for policies
for group insurance and employee benefits for its employees, if any,
pursuant to the agreement.
Any ordinance or part of ordinances conflicting with the provisions
of this article is hereby repealed insofar as it is inconsistent with
this article's provisions.
If any article, section, subsection, provision, regulation,
limitation, restriction, sentence, clause, phrase or word in this
ordinance, is, for any reason declared to be illegal, unconstitutional
or invalid, by any Court of competent jurisdiction, this decision
shall not affect or impair the validity of the ordinance as a whole,
or any other article, section, subsection, provision, regulation,
limitation, restriction, sentence, clause, phrase, word, or remaining
portion of the within ordinance. The Borough of Edgewood of Allegheny
County declares that it would have adopted the within ordinance and
each article, section, subsection, provision, regulation, limitation,
restriction, sentence, clause, phrase or word thereof, irrespective
of the limitations, restrictions, sentences, clauses, phrases, or
word that may be declared illegal, unconstitutional or invalid.
