Title
Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Capital Redevelopment Assistance Program, in an aggregate amount not to exceed Fifty-seven Million Three Hundred Twenty-seven Thousand Six Hundred Dollars ($57,327,600) to assist in the development of the Philabundance Hunger Action Center, Manayunk Canal, Pennsylvania Port of Technology, Cobbs Creek Environmental Education Center, Peoples Emergency Center, West Philadelphia YMCA Annex, International House, Christian Street YMCA Center, Association of Puerto Ricans on the March, House of Umoja, Chelten/Wayne Development, Dorothy Emmanuel Recreation Center, Academy of Fine Arts, and National Constitution Center.
Body
WHEREAS, The City and the Philadelphia Authority for Industrial Development ("PAID") are desirous of obtaining funds from the Commonwealth of Pennsylvania's Office of the Budget in an amount not to exceed Fifty-seven Million Three Hundred Twenty-seven Thousand Six Hundred Dollars ($57,327,600) for the undertaking of approved Capital Budget projects under Section 4(c) of the Housing and Redevelopment Assistance Law as amended; and
WHEREAS, Guidelines issued pursuant to the Housing and Redevelopment Assistance Law, as amended, define blighted area to include portions of an urban community with economically undesirable land uses; and
WHEREAS, The City and PAID recognize that blighting influences exist due to economically undesirable land use in Center City Philadelphia, North Philadelphia, South Philadelphia, and West Philadelphia; and
WHEREAS, Fourteen projects ("Projects") are being proposed within such areas and the proposed Projects will eliminate the existing blighting influence by renovating facilities to house educational and cultural facilities; and
WHEREAS, The City and PAID desire to advance the necessary development of the above-referenced Projects; ...
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