Title
Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program ("RACP"), in an aggregate amount not to exceed Seventy-Six Million Ninety-Two Thousand Dollars ($76,092,000) to assist in the development of the Center for Human Advancement, Children's Hospital of Philadelphia, CORA Services, Drexel University, Independence Park Institute, Mann Center for the Performing Arts, National Museum of American Jewish History, New Courtland Elder Services, Philadelphia Museum of Art, Philadelphia University, Project H.O.M.E., Red Cross House, Settlement School of Music, Walnut Street Theatre, Woodmere Art Museum, and Zoological Society of Philadelphia Carnivore House.
Body
WHEREAS, The City and PAID are desirous of obtaining funds from the Commonwealth of Pennsylvania's Office of the Budget, in an amount not to exceed Seventy-Six Million Ninety-Two Thousand Dollars ($76,092,000) for the undertaking of approved Capital Budget projects under Section 4(c) of the Housing and Redevelopment Assistance Law as amended; and
WHEREAS, Guidelines issued pursuant to the Housing and Redevelopment Assistance Law, as amended, define a blighted area to include portions of an urban community with economically undesirable land uses; and
WHEREAS, The City and PAID recognize that blighting influences exist due to economically undesirable land use throughout the City; and
WHEREAS, Sixteen projects ("Projects") are being proposed in order to eliminate the existing blighting influence by renovating facilities to house commercial, educational, cultural, and community service delivery facilities; and
WHEREAS, The City and PAID desire to advance the necessary development of the above-referenced Projects; and
WHEREAS, The Housing and Community Development Program authorizes PAID to file applications for grants; and
WHEREAS, The Co...
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