PASSED

The enacted bill authorizes the Philadelphia Authority for Industrial Development to apply for up to $500,000 in state Redevelopment Assistance Capital Program funding to help construct, rehabilitate, and renovate Pleasant Hill Park. It also authorizes an agreement between the City and PAID and requires the City or project recipient to cover project costs above $500,000 and reimburse the state for certain ineligible expenses or costs if the project is not completed on time.

Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program, in an amount not to exceed Five Hundred Thousand Dollars ($500,000) to assist in the construction, rehabilitation and renovation of Pleasant Hill Park; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.