Aye. 2/20/03 - STATED - 2ND READING AND FINAL PASSAGE
Aye. The ayes are 15, the nays are 1. A majority of all Members of Council having voted in the affirmative, the bill passes. The next bill to be called for consideration is Bill No. 020732.
An ordinance amending Title 4 of the Philadelphia Code by adding provisions relating to the maintenance of exterior property areas.
This bill having been read on two different days, the question now is shall the bill pass finally? The Clerk will please call the roll.
Councilman Goode. 2/20/03 - STATED - 2ND READING AND FINAL PASSAGE
Aye. The ayes are 16, the nays are 0. A 2/20/03 - STATED - 2ND READING AND FINAL PASSAGE majority of all Members of Council having voted in the affirmative, this bill passes. The next bill to be called for consideration is Bill No. 020579.
An ordinance authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to enter into a lease with Citizens Bank of Pennsylvania to lease from Citizens Bank of Pennsylvania certain parcels of ground, under certain terms and conditions.
This bill having been read on two different days, the question now is shall the bill pass finally? The Clerk will please call the roll.
Aye. The ayes are 16, the nays are 0. A majority of all Members of Council having voted in 2/20/03 - STATED - 2ND READING AND FINAL PASSAGE the affirmative, the bill passes. The final bill to be called for consideration is Bill No. 030025.
An ordinance authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to accept from the School District of Philadelphia conveyance of a title to a certain parcel of land located at 11th and Venango Streets, formerly the site of Richard Wright Elementary School under certain terms and conditions.
This bill having been read on two different days, the question now is shall the bill pass finally? The Clerk will please call the roll.
Councilman Goode. 2/20/03 - STATED - 2ND READING AND FINAL PASSAGE
Aye. The ayes are 16, the nays are 0. A of Council having voted in the affirmative, the bill passes. That concludes our Calendar. Are there any speeches on the part of minority? (No response.)
Are there speeches on the part of the majority? The Chair recognizes Councilman Cohen.
Madam President, I just wish to note for the record that approximately two weeks ago I called to the attention of this body and of those people present at the time of the conduct of the Daily News and KYW with respect to their giving large amounts of advertising to the Cash Today proposals which is a very serious form of predatory lending. I wanted to report that before the day was over, KYW called my office to announce that they were immediately discontinuing the matter, they thanked us for bringing the matter to their attention. However, with respect to the Daily News, I have to report to the contrary. They apparently have, if anything, increased the size of the Daily News there's a huge ad saying, "Need cash. Don't wait until pay day. Get cash today with an advance up to $400 on your next paycheck." The loans are being financed, the advertiser makes clear, by the County Bank of Rohoboth Beach, Delaware. That is the bank that is the most active in this field of predatory lending. It's the new effort in which the interest rates can be as high as high 1,040 percent. Imagine that, an interest rate of over 1,000 percent being charged for pay day loans. If you borrow $500, you have to repay it within one week, and the interest rate for that week is 20 percent, 100 percent. It's absolutely a disgrace that one of two Philadelphia newspapers is encouraging that and taking these huge ads and in a sense profiteering as part of the predatory loan operation. I certainly urge the Daily News to reconsider its position and to act on behalf of the consumers and not to give support to the predatory loan procedures. Thank you, Madam President.
You're welcome other speeches on the part of the majority? (No response.)
Seeing none, the Chair recognizes Councilwoman Tasco.
Madam President, I move that Council stand adjourned until Thursday, February 27, at 10:00 a.m. (Duly seconded.)
It has been moved and properly seconded that Council stand adjourned until Thursday, February 27, 2003. All in favor will say aye. (Aye.)
The ayes have it and the motion carries. Thank you very much. (Council adjourned at 10:55 a.m.) C E R T I F I C A T I O N I HEREBY CERTIFY that the foregoing proceedings of the Council of the City of Philadelphia of February 20, 2003, were reported fully and accurately by me, and that this is a correct transcript of the same. RE: STATED MEETING ___________________________ Lisa C. Bradley, RPR and Notary Public