Fishtown Businesses Launch Effort to Fund New Public Improvements through Local Property Taxes Assessment

Official:Establishing a neighborhood improvement district, to be known as the Fishtown Area Business Improvement District (“District”), in an area that generally includes both sides of Frankford Avenue from the west side of Delaware Avenue to the southwest side of Lehigh Avenue, both sides of North Front Street from the north side of Poplar Street to the south side of Montgomery Street, both sides of East Girard Avenue from Frankford Avenue continuing to the west side of East Fletcher Street, the north side of West Girard Avenue from Frankford Avenue to Front Street, and the south side of West Girard Avenue from Frankford Avenue to Howard Street, and certain blocks of streets that intersect portions of these streets; designating the Fishtown Area Business Improvement District, Inc., which has organized itself as a Pennsylvania non-profit corporation, as the Neighborhood Improvement District Management Association for the District; approving a plan for and report concerning the District; authorizing the Director of Commerce, on behalf of the City, to execute an agreement with the Fishtown Area Business Improvement District, Inc. relating to the District; and authorizing the Fishtown Area Business Improvement District, Inc. to assess property owners within the District a special property assessment fee to be used in accordance with the approved plan; all in accordance with the provisions of the Community and Economic Improvement Act, and under certain terms and conditions.