Title
Approving the plan, estimated costs and proposed method of assessment and charges of the Center City District (the "Authority") for and concerning business improvements and administrative services to the central business district of the City of Philadelphia for 2023-2027; amending an Ordinance (Bill No. 1069, approved November 2, 1990, as amended by Bill No. 960631, approved November 25, 1996, as further amended by Bill No. 120800, approved December 21, 2012, and as further amended by Bill No. 170927, approved December 20, 2017) adopted pursuant to the "Municipality Authorities Act of 1945," P.L. 382, as amended (the "Act"); and approving estimated costs for debt service through 2045; all under certain terms and conditions.
Body
WHEREAS, Under the Act, the City, in an ordinance approved on March 28, 1990 (Bill No. 727), authorized the organization of an authority then known as the Special Services District of Central Philadelphia for the purpose of making business improvements and providing administrative services, as those terms are defined in the Act, to the central business district of the City of Philadelphia; and
WHEREAS, Articles of Incorporation were filed with the Secretary of the Commonwealth and the Authority was incorporated on May 4, 1990; and
WHEREAS, In accordance with the requirements of the Act, the Authority completed a plan for business improvements .and administrative services to be made and provided through the 1995 fiscal year of the Authority to the central business district of the City of Philadelphia, and the Authority held public hearings respecting such plan; and
WHEREAS, Legally sufficient written objections were not received from property owners and the City approved the Authority's plan to serve the central business district area (the "District") bounded and described in the ordinance approved on November 2, 1990 (Bill No. 1069); and
WHEREAS, the City, by Ordinance (Bill No. 960631) approved on November 25, 1996, expanded ...
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