PASSED

This enacted ordinance authorizes the Philadelphia Authority for Industrial Development to apply for up to $2 million in state funding to help renovate Simon’s Recreation Center, including installing heating and cooling systems. It also authorizes an agreement between the City and PAID and requires the City or project recipient to cover costs above $2 million and repay the state for certain ineligible expenses or unfinished work.

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 Two Million Dollars ($2,000,000) to assist in the renovation of the Simon's Recreation Center; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.