Official:Amending Chapter 17-1600 of The Philadelphia Code, entitled "Economic Opportunity Plans," to require that each Economic Opportunity Plan include information concerning the Equity Ownership (as defined) of (1) the contractor, developer and/or recipient of financial assistance required to submit the Plan; (2) participants (as defined) engaged by the contractor, developer and/or recipient of financial assistance; and (3) the eventual owner or owners of the project or contract to which the Plan relates; and requiring periodic reports for the purpose of updating Equity Ownership information; all under certain terms and conditions.
Sponsor: Councilmember Goode
Introduced: September 11, 2014
Signed: October 16, 2014
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill requires Economic Opportunity Plans to include information on who owns a project or contract. This includes contractors, developers, participants, and eventual owners.
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