Resolution 090717

..Title Approving certain agreements by the Department of Revenue, the Department of Commerce, or both, with various taxpayers, providing for payments to the City relating to the establishment or extension of certain Keystone Opportunity Zones, Keystone Opportunity Expansion Zones, or Keystone Opportunity Improvement Zones, all under certain terms and conditions. ..Body WHEREAS, Section 310 of the Keystone Opportunity Zone, Keystone Opportunity Expansion Zone and Keystone Opportunity Improvement Zone Act provides that a business in a Keystone Opportunity Zone, Keystone Opportunity Expansion Zone or Keystone Opportunity Improvement Zone (collectively, a "Keystone Opportunity Zone") may enter into an agreement with a political subdivision to provide for payments in lieu of taxes, not to exceed certain statutory thresholds, if the agreement is approved by the governing body; and WHEREAS, The Department of Commerce, the Department of Revenue or both propose to enter into certain agreements with certain businesses for payments in lieu of taxes, all relating to the City's recent applications to the Department of Community and Economic Development for the extension or adoption of certain Keystone Opportunity Zones or Subzones, as authorized by Bill Nos. 080882 (approved Dec. 22, 2008) and 090410 (approved June 25, 2009); and WHEREAS, Council wishes to give its approval to such agreements; NOW, THEREFORE, BE IT RESOLVED, That agreements for payments in lieu of taxes relating to the following properties are hereby approved and the Commerce Director, the Revenue Commissioner or both are hereby authorized to enter into such agreements: ADDRESS BRT # CODE SECTION OWNER 4100 Powelton Avenue 06-1-013800 19-3201(2)(f)(.1) Evol Corp 4102 Powelton Avenue 06-1-013900 19-3201(2)(f)(.2) Evol Corp 4104 Powelton Avenue 06-1-014000 19-3201(2)(f)(.3) Evol Corp 4106 Powelton Avenue 06-1-014100 19-3201(2)(f)(.4) Evol Corp 4108 Powelton Avenue 06-1-014200 19-3201(2)(f)(.5) Evol Corp 4110 Powelton Avenue 06-1-014300 19-3201(2)(f)(.6) Evol Corp 3001 Market Street 88-3-071706 19-3201(3)(c)(.1) Academic Properties (Drexel) 4775 League Island Boulevard 78-8-012900 19-3203(2)(B)(.1) LS 4775 (Liberty Prop) 4300 S. 26th Street 78-8-003100 19-3203(2)(B)(.2) L S 26th Street South LP 3101-27 W. Glenwood Avenue 88-4-699300 19-3203(3)(D)(.1) IS Pyramid LP 1206-36 N. 31st Street 88-4-101205 19-3203(3)(D)(.2) Westrum BT 3 LP 1238 N. 31st Street 29-2-311510 19-3203(3)(D)(.3) Westrum BT 2 LP 1240-42 N. 31st Street 29-2-311610 19-3203(3)(D)(.4) Westrum BT 3 LP 1244-68 N. 31st Street 88-4-101220 19-3203(3)(D)(.5) Westrum BT 3 LP 3126-30 W. Thompson Street 88-4-698900 19-3203(3)(D)(.6) Westrum BT 3 LP 3132-50 W. Thompson Street 88-4-699000 19-3203(3)(D)(.7) Westrum BT 3 LP 3123-45 Jefferson Street 88-4-219205 19-3203(3)(D)(.9) PAID for Red Bell Brewery 1500-36 N. 31st Street 88-4-101300 19-3203(3)(D)(.10) PAID for Red Bell Brewery 2100 W. Allegheny Avenue 88-4-066650 19-3203(4)(F)(.1) AM8 Group Steel Heddle Building 1711 W. Allegheny Avenue 88-4-341805 19-3203(4)(F)(.2) 1711 Allegheny Inc. 2301 W. Allegheny Avenue 88-4-341815 19-3203(4)(F)(.3) 2301 W. Allegheny Avenue LP 1401 N. 5th Street 88-4-589370 19-3203(4)(H)(.1) Liberty Property Associates 427-35 Master Street 18-2-320311 19-3203(4)(H)(.2) Redevelopment Authority 1700 N. American Street 88-4-590860 19-3203(4)(H)(.3) 1700 N. American Street LLC 1736 N. American Street 88-4-590861 19-3203(4)(H)(.4) Redevelopment Authority 1620-50 N. 5th Street 88-4-591067 19-3203(4)(H)(.5) Redevelopment Authority 1501 Beach Street 88-4-076002 19-3203(4)(I)(.1) Berks Street Corp 2001 Beach Street 88-5-049020 19-3203(4)(I)(.2) Beach Street Corp 2001 Richmond Street 88-5-048500 19-3203(4)(I)(.3) Dyott Street Corp 2005 Richmond Street 88-5-049010 19-3203(4)(I)(.4) Columbus Boulevard Associates LP 3600 S. 26th Street (Unoccupied Portion) 88-5-043500 19-3203(4)(J) Conrail ..End 1