THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 17-1300 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 17-1300. PHILADELPHIA 21ST CENTURY MINIMUM WAGE AND BENEFITS STANDARD.
* * *
§17-1302. Definitions. The following words and phrases whenever used in this Chapter shall be construed as defined in this Section:
* * *
(2) City financial aid recipients. All persons or entities that receive from the City direct assistance in the form of grants, loans, or loan guarantees, tax incentives, in-kind services, waivers of City fees, or real property in the amount of more than $100,000 in any twelve (12)-month period. This term shall not include those who enjoy an economic benefit as an incidental effect of City policies, regulations, ordinances, or charter provisions.
A person or entity who (a) leases property or equipment from a City financial aid recipient; (b) employs more than twenty-five (25) employees; (c) in the case of a not-for-profit entity, leases the property or equipment for consideration in excess of $100,000 a year; and (d) in the case of a for-profit entity, has annual gross receipts in excess of $1,000,000 a year, shall also be considered a City financial aid recipient for the purposes of this Chapter if such property or equipment was acquired (in whole or in part) with the City's assistance or was otherwise the subject of the City's assistance and the person or entity receives an intended material benefit from the financial assistance, and such person or entity shall be subject to the provisions of this Chapter for the same compliance period as the City financial aid recipient from which they are leasing the property or equipment.
* * *
SECTION 2. This Ordinance shall take effect July 1, 2011.
___________________________________
Explanation:
Italics
indicate new matter added.
End