Approving certain agreements by the Department of Revenue, the Department of Commerce, or both, with various taxpayers, providing for payments to the City relating to the establishment or extension of certain Keystone Opportunity Zones, Keystone Opportunity Expansion Zones, or Keystone Opportunity Improvement Zones, all under certain terms and conditions.

WHEREAS, Section 310 of the Keystone Opportunity Zone, Keystone Opportunity Expansion Zone and Keystone Opportunity Improvement Zone Act provides that a business in a Keystone Opportunity Zone, Keystone Opportunity Expansion Zone or Keystone Opportunity Improvement Zone (collectively, a “Keystone Opportunity Zone”) may enter into an agreement with a political subdivision to provide for payments in lieu of taxes, not to exceed certain statutory thresholds, if the agreement is approved by the governing body; and

WHEREAS, The Department of Commerce, the Department of Revenue or both propose to enter into certain agreements with certain businesses for payments in lieu of taxes, all relating to the City's recent applications to the Department of Community and Economic Development for the extension or adoption of certain Keystone Opportunity Zones or Subzones, as authorized by Bill Nos. 080882 (approved Dec. 22, 2008) and 090410 (approved June 25, 2009); and

WHEREAS, Council wishes to give its approval to such agreements;

NOW, THEREFORE, BE IT RESOLVED, That agreements for payments in lieu of taxes relating to the following properties are hereby approved and the Commerce Director, the Revenue Commissioner or both are hereby authorized to enter into such agreements:

ADDRESS

BRT #

CODE SECTION

OWNER

4100 Powelton Avenue

06-1-013800

19-3201(2)(f)(.1)

Evol Corp

4102 Powelton Avenue

06-1-013900

19-3201(2)(f)(.2)

Evol Corp

4104 Powelton Avenue

06-1-014000

19-3201(2)(f)(.3)

Evol Corp

4106 Powelton Avenue

06-1-014100

19-3201(2)(f)(.4)

Evol Corp

4108 Powelton Avenue

06-1-014200

19-3201(2)(f)(.5)

Evol Corp

4110 Powelton Avenue

06-1-014300

19-3201(2)(f)(.6)

Evol Corp

3001 Market Street

88-3-071706

19-3201(3)(c)(.1)

Academic Properties (Drexel)

4775 League Island Boulevard

78-8-012900

19-3203(2)(B)(.1)

LS 4775 (Liberty Prop)

4300 S. 26th Street

78-8-003100

19-3203(2)(B)(.2)

L S 26th Street South LP

3101-27 W. Glenwood Avenue

88-4-699300

19-3203(3)(D)(.1)

IS Pyramid LP

1206-36 N. 31st Street

88-4-101205

19-3203(3)(D)(.2)

Westrum BT 3 LP

1238 N. 31st Street

29-2-311510

19-3203(3)(D)(.3)

Westrum BT 2 LP

1240-42 N. 31st Street

29-2-311610

19-3203(3)(D)(.4)

Westrum BT 3 LP

1244-68 N. 31st Street

88-4-101220

19-3203(3)(D)(.5)

Westrum BT 3 LP

3126-30 W. Thompson Street

88-4-698900

19-3203(3)(D)(.6)

Westrum BT 3 LP

3132-50 W. Thompson Street

88-4-699000

19-3203(3)(D)(.7)

Westrum BT 3 LP

3123-45 Jefferson Street

88-4-219205

19-3203(3)(D)(.9)

PAID for Red Bell Brewery

1500-36 N. 31st Street

88-4-101300

19-3203(3)(D)(.10)

PAID for Red Bell Brewery

2100 W. Allegheny Avenue

88-4-066650

19-3203(4)(F)(.1)

AM8 Group Steel Heddle Building

1711 W. Allegheny Avenue

88-4-341805

19-3203(4)(F)(.2)

1711 Allegheny Inc.

2301 W. Allegheny Avenue

88-4-341815

19-3203(4)(F)(.3)

2301 W. Allegheny Avenue LP

1401 N. 5th Street

88-4-589370

19-3203(4)(H)(.1)

Liberty Property Associates

427-35 Master Street

18-2-320311

19-3203(4)(H)(.2)

Redevelopment Authority

1700 N. American Street

88-4-590860

19-3203(4)(H)(.3)

1700 N. American Street LLC

1736 N. American Street

88-4-590861

19-3203(4)(H)(.4)

Redevelopment Authority

1620-50 N. 5th Street

88-4-591067

19-3203(4)(H)(.5)

Redevelopment Authority

1501 Beach Street

88-4-076002

19-3203(4)(I)(.1)

Berks Street Corp

2001 Beach Street

88-5-049020

19-3203(4)(I)(.2)

Beach Street Corp

2001 Richmond Street

88-5-048500

19-3203(4)(I)(.3)

Dyott Street Corp

2005 Richmond Street

88-5-049010

19-3203(4)(I)(.4)

Columbus Boulevard Associates LP

3600 S. 26th Street (Unoccupied Portion)

88-5-043500

19-3203(4)(J)

Conrail

End

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