City of Philadelphia - File #: 060504

• File #: 060504
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 6/1/2006
• In control: Committee on Finance
• Final action: 12/14/2006
• Title: Removing a portion of a property in the 41st ward of the City, from the Philadelphia Keystone Opportunity Zone, subject to the request and consent of the owners of said Property, under certain terms and conditions.
• Sponsors: Councilmember Krajewski
• Indexes: KEYSTONE OPPORTUNITY ZONE

Date	Ver.	Action By	Action	Result	Tally
1/23/2007	0	MAYOR	SIGNED
12/14/2006	0	CITY COUNCIL	READ
12/14/2006	0	CITY COUNCIL	PASSED	Pass	17:0
12/7/2006	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
12/7/2006	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
12/7/2006	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
11/30/2006	0	Committee on Finance	HEARING NOTICES SENT
11/30/2006	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
11/30/2006	0	Committee on Finance	HEARING HELD
6/1/2006	0	CITY COUNCIL	Referred
6/1/2006	0	CITY COUNCIL	Introduced	Pass

Title
Removing a portion of a property in the 41st ward of the City, from the Philadelphia Keystone Opportunity Zone, subject to the request and consent of the owners of said Property, under certain terms and conditions.
Body
WHEREAS, The Department of Commerce is willing to accept an application from the owners of a property in the 41st ward of the City, and more particularly described in Exhibit "A" hereto (the "Property"), and from all parties with any known interest in the Property, including any prospective purchasers of the Property, requesting and consenting to the removal of all exemptions, deductions, abatements, or credits provided for by Chapter 19-3200 of The Philadelphia Code, relating to the Keystone Opportunity Zone, with respect to the Property, all to enable a residential development on the Property.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Any exemptions, deductions, abatements or credits provided for by Chapter 19-3200 of The Philadelphia Code, relating to the Keystone Opportunity Zone, with respect to a portion of a property in the 41st ward of the City, more particularly described in Exhibit "A" hereto (the "Property"), are hereby repealed, revoked and removed; and the Property is hereby removed from the Philadelphia Keystone Opportunity Zone.

SECTION 2. The repeal, revocation and removal described in Section 1 of this Ordinance shall be effective upon, and only with respect to exemptions, deductions, abatements or credits accruing on or after, the effective date of an approval by the Commonwealth Department of Community and Economic Development (the "Department") of a request by the Director of Commerce to decertify the Property and remove it from the Philadelphia Keystone Opportunity Zone, which request shall not be submitted with respect to any portion of the Property prior to the submission by the owners and all parties with any known interest in said portion of the Properties of written applic...