City of Philadelphia - File #: 030663

• File #: 030663
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 10/9/2003
• In control: Committee of the Whole
• Title: Creating the Boyd Theater Tax Increment Financing District, being the area generally bounded by Chestnut street on the north, Nineteenth street on the east, Twentieth street on the west, and Sansom street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the Boyd Theater Tax Increment Financing District and making certain findings and declarations, all in accordance with the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended, and authorizing the Director of Finance and other offices of the City to execute documents and do all things necessary to carry out the intent of this Ordinance.
• Sponsors: Councilmember Clarke
• Indexes: PAID

Date	Ver.	Action By	Action	Result	Tally
11/20/2003	0	Committee of the Whole	HEARING HELD
11/20/2003	0	Committee of the Whole	RECESSED
11/19/2003	0	Committee of the Whole	HEARING NOTICES SENT
11/19/2003	0	Committee of the Whole	HEARING HELD
11/19/2003	0	Committee of the Whole	RECESSED
11/12/2003	0	Committee of the Whole	HEARING NOTICES SENT
10/9/2003	0	CITY COUNCIL	Referred
10/9/2003	0	CITY COUNCIL	Introduced	Pass

Title
Creating the Boyd Theater Tax Increment Financing District, being the area generally bounded by Chestnut street on the north, Nineteenth street on the east, Twentieth street on the west, and Sansom street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the Boyd Theater Tax Increment Financing District and making certain findings and declarations, all in accordance with the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended, and authorizing the Director of Finance and other offices of the City to execute documents and do all things necessary to carry out the intent of this Ordinance.
Body
WHEREAS, In accordance with the provisions of the Urban Redevelopment Law, being the Act of May 24, 1945, P.L. 991, as amended and supplemented, and the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended, the City Planning Commission of the City of Philadelphia ("Commission") has certified the North Philadelphia Redevelopment Area as a redevelopment area, and the Commission has completed a detailed redevelopment area plan for the Center City Philadelphia Redevelopment Area; and

WHEREAS, In conformity with this redevelopment area plan, the Philadelphia Authority for Industrial Development ("PAID") has prepared a detailed project plan for the redevelopment of a portion of the Center City Redevelopment Area designated as the Boyd Theater Tax Increment Financing District ("District"), which project plan has been prepared by PAID and submitted by PAID for approval by the City Council pursuant to the Tax Increment Financing Act; and

WHEREAS, The Commission has submitted to the City Council its report and recommendations respecting the redevelopment of the District, the determination of blight, and has certified that the said project plan conforms to the comprehensive plan for the Cit...