North Broad Business Improvement District Born Along Busy Stretch of Street From Spring Garden to Indiana Avenue

Official:Establishing a neighborhood improvement district, to be known as the North Broad Business Improvement District (“District”), in an area that generally includes both sides of North Broad Street from the north side of Spring Garden Street to the south side of Indiana Avenue, beginning with 600 North Broad Street and continuing to 2932 North Broad Street, and certain blocks of streets that intersect portions of these streets; designating North Broad Renaissance (the legal name of which is Avenue North Renaissance, 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 North Broad Renaissance relating to the District; and authorizing North Broad Renaissance 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.