City of Philadelphia - File #: 010513

• File #: 010513
• Version: 0
• Type: Resolution
• Status: ADOPTED
• File created: 6/14/2001
• In control: CITY COUNCIL
• Final action: 6/14/2001
• Title: Expressing Council's intention to extent the time period for exemptions, abatements or credits in certain subzones of the Keystone Opportunity Zone.
• Sponsors: Council President Verna, Councilmember Blackwell, Councilmember Ortiz, Councilmember Cohen, Councilmember Rizzo, Councilmember Nutter, Councilmember Kenney, Councilmember Tasco, Councilmember Krajewski, Councilmember Longstreth, Councilmember Goode, Councilmember Miller, Councilmember Clarke, Councilmember Reynolds Brown, Councilmember O'Neill, Councilmember Mariano, Councilmember DiCicco

Date	Ver.	Action By	Action	Result	Tally
6/14/2001	0	CITY COUNCIL	ADOPTED
6/14/2001	0	CITY COUNCIL	READ
6/14/2001	0	CITY COUNCIL	Introduced	Pass

Title
Expressing Council's intention to extent the time period for exemptions, abatements or credits in certain subzones of the Keystone Opportunity Zone.
Body
WHEREAS, By Act No. 119 of 2000, the General Assembly authorized local governments to extend the duration of the exemptions, abatements and credits offered in certain subzones of a Keystone Opportunity Zone; and

WHEREAS, City Council's Committee of the Whole has considered and today reported favorably Bill No. 010372, which would extend the duration of the exemptions, abatements and credits offered in certain subzones of the Philadelphia Keystone Opportunity Zone; and

WHEREAS, City Council's legislative calendar does not permit final passage of Bill No. 010372 prior to Council's summer recess because the Home Rule Charter requires that the bill lay over an additional five days after the bill is reported by the committee to the Council and Council's recess begins at the conclusion of today's meeting; and

WHEREAS, Council has every intention of passing Bill No. 010372 at the first lawful opportunity, currently scheduled for September 13, 2001; and

WHEREAS, Council wishes to assure the Commonwealth, Department of Community and Economic Development of its intention to pass Bill No. 010372, thereby extending the duration for the exemptions, abatements and credits offered in certain subzones, as expressly set forth in said Bill; now therefore

RESOLVED, That Council favorably approves of Bill No. 010372, a copy of which is attached hereto and incorporated herein.

FURTHER RESOLVED, That Council intends to give final passage to Bill No. 010372 at the first lawful opportunity hereafter.

FURTHER RESOLVED, That the Director of Commerce is hereby authorized to inform the Commonwealth, Department of Community and Economic Development, of the passage of this resolution and of Council's intention to take all necessary legal action to extend the duration of the exemptions, abatements and credits of...