east liberty station: realizing the potential - City of Pittsburgh

elTRID Approval and Implementation
The Act includes specific instructions as to
the process of advancing a TRID from a
redevelopment concept around a transit
station to implementation of the proposed
value capture strategy and eventual
financing of specific improvements. Once a
location is identified, the process of planning,
program management/implementation and
execution of the TRID begins over 16
defined steps. 10 Some of these steps occur
concurrently. elTRID represents the
required Planning Study and includes a
detailed discussion of future implementation
through the Value Capture Strategy outlined
above.
Planning
Step 1 – City and PAAC agreed to work
cooperatively to create a TRID (in
conjunction with other agencies on
Steering Committee)
Step 2 – City selected Project Team for
elTRID Planning Study to determine
location, boundaries, and rationale
Step 3 – City and PAAC conducted
community public meeting on elTRID
facilitated by Project Team
10 Sources: Implementing Transit-Oriented Development in
Pennsylvania, Delaware Valley Planning Commission (2005)
and Implementing Transit Revitalization Investment Districts
in Philadelphia, Econsult Corporation (2008). Revised in
accordance with anticipated local implementation process
based upon local TIF policies.
Step 4 – elTRID is circulated to
Steering Committee, revised and
completed
Step 5 – City (through the
Department of City Planning) and
PAAC accept elTRID’s findings and
recommendations
Management and Implementation
Step 6 – City and PAAC hold a
public meeting on elTRID Value
Capture Strategy and Phase I
improvements
Step 7 – City and PAAC coordinate
with PPSD and the County on
elTRID Value Capture Strategy
(three taxing bodies authorize
elTRID Resolutions)
Step 8 – City forms elTRIDRA within
the URA to administer elTRID
implementation
Step 9 – City, PPSD, County, URA,
PAAC and elTRIDRA execute
elTRID Cooperation Agreement and
Tax Fund Agreements
Execution
Step 10 – elTRIDRA markets
development sites and commences
project review for specific
redevelopment projects
Step 11 – elTRIDRA prepares project
lists of public sector infrastructure
improvements, including costs,
phasing and maintenance based on
findings of elTRID
Step 12 – Development proposals
accepted by elTRIDRA
Step 13 – elTRIDRA executes
Development Agreement with
Developer, including elTRID
financed improvements and private
sector commitments - or – elTRIDRA
selects contractor to complete
district-wide improvements
Step 14 – Project construction and
completion
Step 15 – elTRIDRA administers
captured revenues and project
expenditures from the elTRID Value
Capture Fund in accordance with the
approved elTRID Value Capture
Strategy
Step 16 – Amendments to
Agreement or elTRID for future
phases of the value capture area
Appendix VII includes a draft of the
cooperation agreement, including
development agreement template, as
referenced in this process. It is
anticipated the elTRID VC Fund would
be held with an escrow agent who would
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