Title
Authorizing the Committee on Law and Government to conduct a full and comprehensive investigation into the results of the recent Audit conducted by the City Controller on the Department of Commerce for Fiscal Years 1998 and 1999.
Body
WHEREAS, By contract, the Department of Commerce has delegated its City landbank-management duties to the Philadelphia Industrial Development Corporation ("PIDC"); and
WHEREAS, The City Controller recently made public his Audit Report of the Department of Commerce for Fiscal Years 1998 and 1999, including the landbanking activity of PIDC; and
WHEREAS, The Audit Report found widespread failure by PIDC to comply with elemental standards of objectivity, accountability and lawfulness in performance of its landbank-management duties, and concluded that when City land transactions are conducted by PIDC they "are executed without documentation, laws are ignored, fees and commissions are not justified, and private interests [make] millions at the taxpayers' expense under circumstances that are puzzling, at best"; and
WHEREAS, In particular the Audit found that PIDC is sometimes unable to provide key pieces of transaction documentation, raising "serious questions regarding the legality and propriety of these transactions;" and
WHEREAS, The Audit found that despite PIDC's flagrant malfeasance in performing its duties, oversight of the PIDC contract by the Commerce Department was no more than "perfunctory"; and
WHEREAS, City Council has the duty to determine if funds appropriated to the Department of Commerce for its landbank-management duties are being expended in an appropriate manner, consistent with the requirements of law, equity, impartiality and due diligence; now therefore
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the Committee on Law and Government is hereby authorized to conduct a full and comprehensive investigation into the results of the recent Audit conducted by the City Contro...
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