Official:Creating the Silver City Tax Increment Financing District and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the Silver City Tax Increment Financing District being the area generally bounded by Broad street on the west, Carpenter street on the north, Washington avenue on the south, and Thirteenth street on the east and making certain findings and declarations, all in accordance with the Tax Increment Financing Act, being the Act of July 11, 1990, P.L. 465, No. 113, as amended, and authorizing the Director of Finance and other officers of the City to execute documents and do all things necessary to carry out the intent of this Ordinance.
Sponsor: Councilmember DiCicco
Introduced: April 27, 2000
Signed: June 22, 2000
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill creates a Tax Increment Financing District in the Silver City area of Philadelphia to fund redevelopment projects, and approves a project plan for the area.
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Every City Council bill since 2000, summarized in plain English.