Title
Amending Chapter 16-600 of The Philadelphia Code, entitled "Redevelopment Proposals and Contracts," by further providing with respect to requirements for Council's approval of redevelopment proposals and redevelopment contracts submitted to Council for approval under the provisions of the Urban Redevelopment Law, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
Section 1. Chapter 16-600 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 16-600. REDEVELOPMENT PROPOSALS AND CONTRACTS.
§ 16-601. Council Approval of Redevelopment Proposals and Contracts.
(1) No redevelopment proposal containing a form of redevelopment contract submitted to Council for approval under the provisions of the Urban Redevelopment Law, Act of May 24, 1945, as amended (35 P.S. §§ 1701 et seq.), and no redevelopment contract separately submitted to Council for approval under those provisions, shall be approved by Council unless the proposed resolution setting forth Council's approval includes as an exhibit the certification of the General Counsel of the Redevelopment Authority of the City of Philadelphia that under the terms of the redevelopment contract:
(a) the redevelopment contract may not be assigned or otherwise transferred to a new redeveloper without Council's prior approval by resolution, regardless of the reason (including default) for such proposed reassignment;
(b) if a premises was originally conveyed at nominal consideration, no change may be made to the price which the redeveloper must pay to the Redevelopment Authority for the conveyed premises[,] without Council's prior approval by resolution;
(c) regardless of any consideration paid, nominal or otherwise, [nor may any]no material change may be made to the preliminary plans or the disposition supplement without Council's prior approval by resolution. As used herein, a "material change" means ...
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