Title
Authorizing the Director of Commerce, on behalf of The City of Philadelphia, to file an application and, if the application is accepted, to execute a contract to obtain a grant from the Commonwealth of Pennsylvania, Department of Community and Economic Development for funding business district revitalization in various Philadelphia neighborhood shopping districts.
Body
WHEREAS, Philadelphia's neighborhoods have suffered the loss of businesses, the loss of population, and the degeneration of property; and
WHEREAS, The Commonwealth of Pennsylvania passed a budget which included funding for a Main Street Program designed to infuse life into neighborhood commercial districts; and
WHEREAS, The City of Philadelphia seeks to expand its revitalization efforts with the financial partnership of the state through the statewide Main Street Program whereby the Commerce Department would coordinate the statewide Main Street Program with other local program activities and resources currently administered by The City of Philadelphia and its agencies; and
WHEREAS, The City of Philadelphia is desirous of obtaining funds from the Department of Community and Economic Development in an amount not to exceed $1,000,000.00 (one million dollars) to provide business district revitalization support to various Philadelphia neighborhood shopping districts; now therefore, be it
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the Director of Commerce, on behalf of The City of Philadelphia, is hereby authorized to file an application and, if the application is accepted, to execute a contract to obtain a grant from the Commonwealth of Pennsylvania Department of Community and Economic Development for funding business district revitalization in various Philadelphia neighborhood shopping districts; and
That The City of Philadelphia will assume the provision of the full local share of project costs; and
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