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Ordinance adopting and approving the implementation of the Second Amended Recovery Plan, dated May 30, 2014, as revised, 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 Second Amended Recovery Plan, as revised.
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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 1987 (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 June 11, 2004, filed the Recovery Plan with the City Clerk; and
WHEREAS, on June 29, 2004, the Council of the City of Pittsburgh enacted Ordinance No. 10 of 2004 adopting the Recovery Plan; and
WHEREAS, on June 30, 2004, the Mayor of the City of Pittsburgh approved Ordinance No. 10 of 2004; and
WHEREAS, the City operated pursuant to the Recovery Plan for five years; and
WHEREAS, in 2009 the Department determined that the adoption of an Amended Recovery Plan, reflecting progress since 2004 and addressing in particular the City's legacy costs, was consistent with the objectives of the Act and in the best interest of the City; and
WHEREAS, the Coordinator, after consultation with the City's Administration and Council, prep...
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