City of Philadelphia - File #: 050321

• File #: 050321
• Version: 0
• Type: Resolution
• Status: ADOPTED
• File created: 4/21/2005
• In control: CITY COUNCIL
• Final action: 4/21/2005
• Title: Agreeing to participate in the "Avenue North Tax Increment Financing District," if it should be created by the Council of the City of Philadelphia in accordance with the Tax Increment Financing Act of July 11, 1990, (P.L. 465, No. 113), as amended, in the North Philadelphia Redevelopment Area, an area generally bounded by Cecil B. Moore Avenue on the north, Broad Street on the east, Oxford Street on the south, and Carlisle Street on the west; and designating the Mayor or his designee as the City's representative for purposes of meeting with the Philadelphia Authority for Industrial Development, pursuant to Section 5(a)(2) of the Tax Increment Financing Act.
• Sponsors: Councilmember Clarke, Councilmember Mariano, Councilmember DiCicco, Councilmember Ramos, Councilmember Rizzo, Councilmember Goode, Councilmember Reynolds Brown, Councilmember Kelly, Councilmember Blackwell, Councilmember Miller, Councilmember Tasco
• Indexes: PAID, TIFD - AVENUE NORTH

Date	Ver.	Action By	Action	Result	Tally
4/21/2005	0	CITY COUNCIL	READ
4/21/2005	0	CITY COUNCIL	Introduced	Pass
4/21/2005	0	CITY COUNCIL	ADOPTED

Title
Agreeing to participate in the "Avenue North Tax Increment Financing District," if it should be created by the Council of the City of Philadelphia in accordance with the Tax Increment Financing Act of July 11, 1990, (P.L. 465, No. 113), as amended, in the North Philadelphia Redevelopment Area, an area generally bounded by Cecil B. Moore Avenue on the north, Broad Street on the east, Oxford Street on the south, and Carlisle Street on the west; and designating the Mayor or his designee as the City's representative for purposes of meeting with the Philadelphia Authority for Industrial Development, pursuant to Section 5(a)(2) of the Tax Increment Financing Act.
Body
WHEREAS, The Philadelphia Authority for Industrial Development ("PAID") proposes that the Avenue North Tax Increment Financing District ("District") be created by City Council to encourage the redevelopment of the property located at 1600-36 North Broad street in the North Philadelphia Redevelopment Area; and

WHEREAS, PAID has submitted to Council a tentative project plan for the proposed District and has proposed to Council that the boundaries of the proposed District be generally Cecil B. Moore avenue on the north, Broad street on the east, Oxford street on the south, and Carlisle street on the west; and

WHEREAS, Section 5(a)(7) of the Tax Increment Financing Act of July 11, 1990 (P.L. 465, No. 113), as amended, requires the governing body of a municipality within the boundaries of a proposed tax increment district to agree, by ordinance or resolution, to participate in whole or in part in the tax increment district and to adopt such resolution before adopting the ordinance which will create the tax increment district; and

WHEREAS, The Council of the City of Philadelphia desires to agree to participate in whole in the proposed Avenue North Tax Increment Financing District; and

WHEREAS, Section 5(a)(2) of the Tax Increment Financing Act requires each affected municipality to d...