[Adopted 12-11-2014 by Ord. No. 1231-2014]
The title and background of this article as set forth above are incorporated herein by reference.
The Council of the Borough of Homestead hereby approves entering into the agreement, a copy of which is attached hereto and incorporated herein by reference (the "agreement"), with the intent and effect that the Borough of Homestead shall be bound by the agreement.
Editor's Note: Said agreement is on file in the Borough offices.
The President of Council is hereby authorized and directed on behalf of the Council to execute and deliver the agreement, and 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 Homestead heretofore taken in the pursuit of the establishment of the Tri-COG Land Bank and/or the Borough of Homestead's participation therein are hereby ratified and approved in all respects.
The President of Council is hereby authorized to take such other action as may be necessary or appropriate to carry out the purposes of this article and of the agreement.
As required by the Act, the following matters are specifically found and determined in the attached agreement:
The conditions of the agreement;
The duration of the agreement;
The purposes, objectives, powers and scope of authority granted in the agreement as set forth in the recital clauses of the ordinance and agreement;
The manner and extent of financing the agreement is through the allocation of real estate taxes and budgetary contributions set forth in Sections 6.6 and 8.2, respectively, of the agreement, among other things;
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");
All property, real of 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;
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Any ordinance or part of ordinances conflicting with the provisions of this article are hereby repealed insofar as they are inconsistent with this article's provisions.
If any article, section, subsection, provision, regulation, limitation, restriction, sentence, clause, phrase or word in this article, 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 this article as a whole, or any other article, section, subsection, provision, regulation, limitation, restriction, sentence, clause, phrase, word, or remaining portion of the within article. The Borough of Homestead declares that it would have adopted the within article and each article, section, subsection, provision, regulation, limitation, restriction, sentence, clause, phrase or word thereof, irrespective of the limitations, restrictions, sentences, clauses, phrases, or words that may be declared illegal, unconstitutional or invalid.
This article shall become effective at the earliest date permitted by law.
The Code of Ordinances, as amended, of the Borough of Homestead, Allegheny County, Pennsylvania, shall be and remain unchanged and in full force and effect except as amended, supplemented, and modified by this article. This article shall become a part of this Code of Ordinances upon adoption.