Title
Amending Chapter 16-400 of The Philadelphia Code, entitled "Surplus Properties," by adding criteria for evaluating non-competitive dispositions, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 16-400 of The Philadelphia Code is amended to read as follows:
TITLE 16. PUBLIC PROPERTY
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CHAPTER 16-400. SURPLUS PROPERTIES
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? 16-402. Definitions.
(1) In this Chapter the following definitions shall apply:
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(f) Community Trust. An organization, subsidiary, or partnership that is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code of 1954, a majority of whose founders, board officers, management and resources are independent of any for-profit corporation or funder, and whose bylaws or other documentation submitted at time of application indicate that the organization or partnership of organizations:
(.1) Acquires parcels of land and holds them in perpetuity with an intent to never resell, under alternative ownership structures like community land trusts, community investment trusts, and neighborhood trusts;
(.2) Ensures the permanent affordability of any structural improvements located on its land;
(.3) Serves community constituents who are defined by specific demographic characteristics or inclusive of all individuals who live, work, or worship in the geographic area served by the organization;
(.4) Has a governing body that is at least 51% composed of the organization's constituents, as defined in subsection 16-402(1)(f)(.3), and stewards, occupants, and residents of the organization's land holdings.
(.5) Has obtained required certificates of insurance and demonstrated financial capacity to maintain the land it intends to lease;
(.6) Demonstrates prior experience in implementing pro...
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