Title
Approving an amendment to the Articles of Incorporation of the City Avenue Special Services District of Philadelphia and Lower Merion to extend the term of existence of the District to December 31, 2042.
Body
WHEREAS, the Council of the City of Philadelphia (the "City"), together with the Township of Lower Merion, Montgomery County, Pennsylvania (the "Township"), heretofore caused to be incorporated the City Avenue Special Services District of Philadelphia and Lower Merion (the "Authority") on August 13, 1997 pursuant to the Municipality Authorities Act of 1945 of the Commonwealth of Pennsylvania, now known as the Municipality Authorities Act, 53 Pa.C.S. Ch. 56 (the "Authorities Act"); and
WHEREAS, the Authority presently is organized and existing under the Authorities Act; and
WHEREAS, the Authority's Articles of Incorporation were previously amended to increase the term of existence of the Authority for a period of 20 years, ending on December 31, 2022; and
WHEREAS, the Authority, by resolution duly adopted, has proposed that its Articles of Incorporation again be amended to increase the term of existence of the Authority as authorized by the Authorities Act; and
WHEREAS, the Authority has caused to be submitted to the Council of this City and the Board of Commissioners of the Township a copy of the resolution adopted by the Board of the Authority wherein said amendment is proposed, which resolution contains the language of said proposed amendment; and
WHEREAS, the Authorities Act provides that the Council of this City and the Board of Commissioners of the Township, being the governing authorities of the municipalities composing the Authority, shall adopt or reject said proposed amendment by resolution or ordinance; now, therefore,
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTI...
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