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File #: 010020    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 1/23/2001 In control: Committee of the Whole
On agenda: Final action: 2/1/2001
Title: Approving the Phillies Lease and Development Agreement between The Phillies and the Philadelphia Authority for Industrial Development for the Phillies baseball ballpark project.
Sponsors: Council President Verna, Councilmember Blackwell
Indexes: PHILLIES, STADIUMS
Attachments: 1. Resolution No. 01002000.pdf
Title
Approving the Phillies Lease and Development Agreement between The Phillies and the Philadelphia Authority for Industrial Development for the Phillies baseball ballpark project.
Body
WHEREAS, City Council, by Bill No. 000722-A (approved December 28, 2000), authorized various transactions between the City and the Philadelphia Authority for Industrial Development ("PAID") necessary for the development of a new baseball ballpark located in the Sports Complex in South Philadelphia; and

WHEREAS, Section 8(a) of Bill No. 000722-A approved an Exhibit "D" attached to the Bill, entitled "Phillies Lease Terms," as the basis for the Phillies Lease and Development Agreement between PAID and The Phillies, but Section 8(b) of the Bill required that the Eagles Lease and Development Agreement be approved as follows:

(i) The parties thereto shall file the Phillies Lease and Development Agreement with the Chief Clerk of Council, with copies delivered by hand to the President of City Council;

(ii) The Council shall have ten (10) calendar days after the date the Phillies Lease and Development Agreement is filed with the Chief Clerk of Council to approve or disapprove the Phillies Lease and Development Agreement by Resolution. If Council does not act within said ten (10) calendar day period, the Phillies Lease and Development Agreement shall be deemed approved; and

WHEREAS, The Phillies Lease and Development Agreement was filed with the Chief Clerk of Council on January 22, 2001; and

WHEREAS, City Council has held a hearing to receive testimony as to whether Council should approve or disapprove the Phillies Lease and Development Agreement; and

WHEREAS, By this Resolution, Council intends to take the action required under Section 8(b) of Bill No. 000722-A to approve the Phillies Lease and Development Agreement; now therefore

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA,

THAT the Council of the City of Philadelphia hereby approves the Phillie...

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