Official:Creating the Progress Plaza Tax Increment Financing District, being the area generally bounded by Broad street on the west, Oxford street on the north, Thirteenth street on the east, and Jefferson street on the south and approving the project plan of the Philadelphia Authority for Industrial Development ("PAID") for the redevelopment of the Progress Plaza Tax Increment Financing District 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 offices of the City to execute documents and do all things necessary to carry out the intent of this Ordinance.
Sponsor: Councilmember Clarke
Introduced: April 10, 2003
Signed: September 18, 2003
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill creates a tax increment financing district around Progress Plaza in North Philadelphia to fund redevelopment projects. The Philadelphia Authority for Industrial Development (PAID) will oversee the project and execute necessary documents.
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