Title
Approving the amendment of a neighborhood improvement district in the area generally bounded by, and including, 11th Street to the West, Filbert Street to the North, 8th Street to the East and Market Street to the South, with the exception of certain condominium units at 801 Market Street Condominium not included in the District, known as the Gallery Neighborhood Improvement District, to remove certain portions of such property generally bounded by Filbert Street on the north, 10th Street on the east, 11th Street on the west, and Market Street on the south from such District in accordance with the provisions of the Community and Economic Improvement Act, and under certain terms and conditions.
Body
WHEREAS, City Council is authorized by the Community and Economic Improvement Act, being the Act of December 21, 1998, P.L. 1307, No. 174, as amended ("Community and Economic Improvement Act") (53 P.S. ?18101 et seq.), to establish, by ordinance, neighborhood improvement districts and to designate certain entities to administer programs and services within such districts in order "to promote and enhance more attractive and safer commercial, industrial, residential and mixed-use neighborhoods; economic growth; increased employment opportunities; and improved commercial, industrial, business districts and business climates;" and
WHEREAS, By ordinance passed by City Council on December 15, 2015 (Bill No. 150374) (the "Original NID Ordinance"), City Council established The Gallery Neighborhood Improvement District (the "District") and designated the Gallery Neighborhood Improvement District Corporation, a Pennsylvania nonprofit corporation, as the Neighborhood Improvement District Management Association for the District (the "Market East NIDMA"); and
WHEREAS, By ordinance approved June 18, 2015 (Bill No. 150380), City Council created the Gallery at Market East Tax Increment Financing District ("TIF District") and approved the project plan submitted by the Philade...
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