Title
Creating the Mill Creek Tax Increment Financing District and approving the project plan of the Philadelphia Authority for Industrial Development ('PAID") for the redevelopment of the Mill Creek Tax Increment Financing District, being an area including all or part of the area generally bounded by Market Street, Lancaster Avenue, 38th Street and 48th Street, 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 officers 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 West Mill Creek Urban Renewal Area and the West Philadelphia Redevelopment Area as redevelopment areas, and the Commission has completed a detailed redevelopment area plan for such redevelopment areas; 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 such redevelopment areas designated as the Milcreek 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 City as a whole; and
WHEREAS, The project plan pr...
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