Title
Amending Title 21 of The Philadelphia Code, entitled "Miscellaneous," for the purpose of improving the quality of life for students, teachers and all City residents by authorizing capital expenditures for improvements to property owned by the City and City-related agencies including the School District of Philadelphia, all under certain terms and conditions.
Body
WHEREAS, The City makes significant capital expenditures every year for the purpose of constructing and maintaining City-owned facilities to serve the public interest and to improve the quality of life for City residents; and
WHEREAS, It is often in the public interest that the City undertake capital expenditures with respect to facilities that, while used and enjoyed by the public, are not owned by the City; and
WHEREAS, Various City-related entities and agencies, including the School District Philadelphia, own and maintain facilities that serve a public purpose and are available for use by the public; and
WHEREAS, It is in the City's interest to invest capital dollars in properties owned by City-related agencies including the School District of Philadelphia, that serve a public purpose and are available for use by the public for periods of time exceeding five years; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 21 of The Philadelphia Code is hereby amended to read as follows:
TITLE 21. MISCELLANEOUS.
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CHAPTER 21-2300. CAPITAL EXPENDITURE ELIGIBILITY REQUIREMENTS.
§ 21-2301. Definitions.
(1) "Capital Expenditure" shall be defined as an expenditure for the:
a) construction of public improvements to real property, including any related professional services;
b) the purchase of equipment for any public improvements when first erected or acquired; and
c) the acquisition of property of a permanent nature.
§ 21-2302. Five-year Useful Life to the City.
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