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Back to search resultsCOMMUNICATION 110897

Transmitting a bill authorizing the Director of Commerce and the Director of Finance to enter into a multi-year agreement or agreements with the Philadelphia Authority for Industrial Development ("PAID"), the Redevelopment Authority of the City of Philadelphia ("RDA"), and other parties as necessary concerning the parking garage project constructed as part of the overall Market Street East - Gallery II Redevelopment Project, including an amendment to the agreement between the City and PAID, as amended, originally authorized by Bill No. 546 (approved June 15, 1993), and further authorizing the Director of Commerce and the Director of Finance, where necessary or prudent, to enter into ancillary agreements with any or all of PAID, the RDA, Parametric Garage Associates ("Parametric"), a new lender to Parametric, and other parties under certain terms and conditions, accompanied by an explanatory letter from the Finance Director.

AI summary

This communication, which has been placed on file, transmits a proposed bill concerning the parking garage built as part of the Market Street East–Gallery II Redevelopment Project. The proposed bill would allow the Commerce and Finance directors to enter into multi-year and related agreements with PAID, the RDA, Parametric Garage Associates, a new lender, and other parties, including an amendment to an earlier City-PAID agreement.

File details

Status
PLACED ON FILE
Introduced
December 1, 2011
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Full text

Title

Transmitting a bill authorizing the Director of Commerce and the Director of Finance to enter into a multi-year agreement or agreements with the Philadelphia Authority for Industrial Development (“PAID”), the Redevelopment Authority of the City of Philadelphia (“RDA”), and other parties as necessary concerning the parking garage project constructed as part of the overall Market Street East - Gallery II Redevelopment Project, including an amendment to the agreement between the City and PAID, as amended, originally authorized by Bill No. 546 (approved June 15, 1993), and further authorizing the Director of Commerce and the Director of Finance, where necessary or prudent, to enter into ancillary agreements with any or all of PAID, the RDA, Parametric Garage Associates (“Parametric”), a new lender to Parametric, and other parties under certain terms and conditions, accompanied by an explanatory letter from the Finance Director.

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionCITY COUNCIL

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