City of Philadelphia - File #: 020231

• File #: 020231
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 4/11/2002
• In control: Committee of the Whole
• Final action: 6/6/2002
• Title: Dissolving the Jump Street Tax Increment Financing District and creating the 1600 North Broad Tax Increment Financing District, being the area generally bounded by Fifteenth street on the west, Cecil B. Moore avenue on the north, Broad street on the east, and Oxford street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the 1600 North Broad 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

Date	Ver.	Action By	Action	Result	Tally
6/26/2002	0	MAYOR	SIGNED
6/6/2002	0	CITY COUNCIL	PASSED	Pass	16:1
6/6/2002	0	CITY COUNCIL	READ
5/16/2002	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
5/16/2002	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
5/16/2002	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
5/15/2002	0	Committee of the Whole	HEARING NOTICES SENT
5/15/2002	0	Committee of the Whole	HEARING HELD
5/15/2002	0	Committee of the Whole	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
4/11/2002	0	CITY COUNCIL	Referred
4/11/2002	0	CITY COUNCIL	Introduced	Pass

Title
Dissolving the Jump Street Tax Increment Financing District and creating the 1600 North Broad Tax Increment Financing District, being the area generally bounded by Fifteenth street on the west, Cecil B. Moore avenue on the north, Broad street on the east, and Oxford street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the 1600 North Broad 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, By ordinance approved February 3, 1999 (Bill No. 980705), City Council created the Jump Street Tax Increment Financing District as of December 31, 1999 for a twenty year term, and approved the project plan submitted by the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the District, all pursuant to the provisions of the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended ("Act"); and

WHEREAS, By ordinance approved on January 23, 2001 (Bill No. 000609), Council approved an amended project plan and amended the term of that District;

WHEREAS, no bonds or notes have been offered or issued in connection with the District and PAID recommends that the Jump Street Tax Increment Financing District be dissolved and that a new District, called the 1600 North Broad Tax Increment Financing District be created as of July 1, 2002.

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 ...