PASSED
This enacted ordinance renamed Philadelphia’s Keystone Opportunity Zone chapter to include an Economic Development District and designated an approximately 85-acre area at the Navy Yard (East) for that purpose. Once designated by the state, qualifying businesses, property owners, and taxpayers in the district may receive specified tax exemptions, abatements, or credits, subject to conditions such as investment, approval, and relocation rules.
Amending Chapter 19-3200, entitled "Keystone Opportunity Zone," by renaming said Chapter "Keystone Opportunity Zone and Economic Development District," to provide for the contingent exemption, abatement or credit of certain taxes within a specified geographical area, under certain terms and conditions.
Action by CITY COUNCIL
A motion was made that this matter be PASSED. The motion carried by the following vote:
Roll Call
| Member | Vote |
|---|---|
| Anna Cibotti Verna | Yes |
| Blondell Reynolds Brown | Yes |
| Brian J. O'Neill | Yes |
| Darrell L. Clarke | Yes |
| David Cohen | Yes |
| Donna Reed Miller | Yes |
| Frank J. DiCicco | Yes |
| Frank Rizzo | Yes |
| Jack Kelly | Yes |
| James F. Kenney | Yes |
| Jannie L. Blackwell | Yes |
| Joan L. Krajewski | Yes |
| Juan F. Ramos | Yes |
| Marian B. Tasco | Yes |
| Michael A. Nutter | Yes |
| Rick Mariano | Yes |
| W. Wilson Goode, Jr. | Yes |