Title
Amending an ordinance approved February 3, 1999 (Bill No. 980705), which created the Jump Street Tax Increment Financing District, by approving the amended project plan for the redevelopment of the District submitted to City Council by the Philadelphia Authority for Industrial Development and changing the term of the 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 officers 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 ("District") 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, PAID has now prepared and submitted to Council for its approval, as required by the Act, certain amendments to the project plan for redevelopment of the District, and a copy of the amendments is on file with the Chief Clerk of Council; now, therefore,
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The ordinance approved February 3, 1999 (Bill No. 980705) is hereby amended to read as follows:
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SECTION 2. The amended project plan, included herein as Exhibit "A" and on file with the Chief Clerk including the detailed redevelopment area plan, the maps, studies, as well as all other documents and supporting data which form part of the project plan submitted by the Philadelphia Authority for Industrial Development ("PAID") for the District, having been reviewed and considered, is approved.
SECTION 3. In ...
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