Presenter
Presented by Mr. Hertzberg
Title
An Ordinance adopting and approving the implementation of the Recovery Plan, dated June 11, 2004, prepared by the Recovery Plan Coordinator pursuant to the Municipalities Financial Recovery Act and authorizing and instructing the City Solicitor and/or City Clerk to prepare for enactment, adoption and execution any Ordinances, Resolutions, Agreements and other documents necessary for the implementation of The Recovery Plan.
Body
WHEREAS, upon petition duly filed with the Commonwealth of Pennsylvania, Department of Community and Economic Development (hereinafter "Department") pursuant to the Municipalities Financial Recovery Act, Act 47 of l987 (hereinafter "Act"), the City of Pittsburgh was declared a financially distressed municipality on December 29, 2003; and
WHEREAS, the Act provides that a Plan Coordinator be appointed for distressed municipalities and that a Recovery Plan be prepared by the Coordinator; and
WHEREAS, Eckert Seamans Cherin & Mellott, LLC and Public Financial Management were appointed as the Plan Coordinator (hereinafter "Coordinator") on January 28, 2004; and
WHEREAS, the Coordinator prepared in accordance with the Act the Recovery Plan, and on May 26, 2004, filed the Recovery Plan with the City Clerk; and
WHEREAS, following receipt of public written comments and following a public meeting on the Recovery Plan held on June 4, 2004, the Coordinator filed a revised Recovery Plan with the City on June 11, 2004; and
WHEREAS, the Council of the City of Pittsburgh has determined that it is in the City's best interest to adopt the Recovery Plan at this time.
NOW THEREFORE, be it ordained and enacted by the City of Pittsburgh, and it is hereby ordained and enacted by authority of the same as follows:
SECTION 1. The Council of the City of Pittsburgh hereby adopts the Recovery Plan for the City of Pittsburgh as prepared and submitted by the Coordinator on June 11, 2004...
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