Title
Approving a new plan, estimated costs and proposed method of charges of the Frankford Special Services District for and concerning business improvements and administrative services to the Frankford Avenue business district of the City of Philadelphia.
Body
WHEREAS, The Frankford Special Services District of Philadelphia (the "Frankford SSD") was incorporated under the provisions of the Municipality Authorities Act of 1945 (the "Act") and as authorized by Bill No. 1000 (approved May 27, 1995); and
WHEREAS, Following its incorporation, the Frankford SSD adopted a five-year plan for business improvements and administrative services to the Frankford Avenue business district, which plan was approved by City Council in Bill No. 88 (approved July 5, 1996); and
WHEREAS, Bill No. 000541 (approved December 19, 2000) authorized an extension to the term of the Frankford SSD through 2010; and
WHEREAS, The Frankford SSD has completed a new Plan and Five Year Budget for the Frankford Special Services District (the "Plan"), comprising a detailed plan for certain business improvements and administrative services to the Frankford Avenue business district through 2005, together with the estimated costs and the proposed method of assessment and charges therefor; and
WHEREAS, After duly advertised public hearings held by the Frankford SSD pursuant to the Act, legally sufficient objections to the Plan have not been received either from persons representing the ownership of one-third (1/3) of the properties in the proposed district or property owners within the proposed district whose property valuation as assessed for taxable purposed amounts to more than one-third (1/3) of the total property valuation of the proposed district; and
WHEREAS, As required by the Act, the Plan has now been submitted to City Council for its review and approval; and
WHEREAS, It is City Council's intent in enacting this Ordinance to take the action required under the Act to approv...
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