Official:Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program, in an aggregate amount not to exceed Two Million Nine Hundred Thousand Dollars ($2,900,000) to assist in the development of Nueva Esperanza II and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.
Sponsor: Councilmember Savage
Introduced: April 12, 2007
Signed: June 14, 2007
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill authorizes the Philadelphia Authority for Industrial Development (PAID) to apply for $2.9 million in state funds through the Redevelopment Assistance Capital Program to help develop Nueva Esperanza II.
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