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.