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File #: 160902    Version: Name:
Type: Resolution Status: ADOPTED
File created: 10/13/2016 In control: Committee on Law and Government
On agenda: Final action: 2/23/2017
Title: Proposing an amendment to The Philadelphia Home Rule Charter to provide for the creation, appointment, powers and duties of a Philadelphia Community Reinvestment Commission; and providing for the submission of the amendment to the electors of Philadelphia.
Sponsors: Council President Clarke, Councilmember Henon, Councilmember Blackwell, Councilmember Parker
Indexes: PHILADELPHIA COMMUNITY REINVESTMENT COMMISSION, PHILADELPHIA HOME RULE CHARTER
Attachments: 1. Resolution No. 16090201, As Amended.pdf, 2. Signature16090201.pdf
Title
Proposing an amendment to The Philadelphia Home Rule Charter to provide for the creation, appointment, powers and duties of a Philadelphia Community Reinvestment Commission; and providing for the submission of the amendment to the electors of Philadelphia.

Body
WHEREAS, Under Section 6 of the First Class City Home Rule Act (53 P.S. ยง13106), an amendment to The Philadelphia Home Rule Charter may be proposed by a resolution of the Council of the City of Philadelphia adopted with the concurrence of two-thirds of its elected members; and

WHEREAS, As Philadelphia continues to grow, our City needs to be at the cutting edge of innovative ways and means to reinvest in our neighborhoods, grow our economy and create jobs for all of our citizens; and

WHEREAS, In other municipalities across the United States, there are models of innovative public-private-philanthropic partnerships to provide more capital for reinvestment in their communities; and

WHEREAS, City Council believes that the public sector can play an important role in forging multi-sector partnerships and developing new strategies for coordinating investments to benefit Philadelphia's communities; and

WHEREAS, By establishing the Philadelphia Community Reinvestment Commission the City can replicate and build upon successful models by bringing together banks, foundations, anchor institutions and Community Development Financial Institutions to identify opportunities for private, public and philanthropic entities to collaborate and leverage their resources for the public good; now, therefore, be it

RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the following amendment to The Philadelphia Home Rule Charter is hereby proposed and shall be submitted to the electors of the City on an election date designated by ordinance:

Strikethrough indicates matter deleted by these amendments.
Bold italics indicates matter added by these amendments.


ARTICLE III
EXECUTIVE AND ADMINI...

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