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File #: 2009-1423    Version:
Type: Ordinance Status: Passed Finally
File created: 5/21/2009 In control: Committee on Finance and Law
On agenda: Final action: 6/30/2009
Enactment date: 6/30/2009 Enactment #: 16
Effective date: 6/30/2009    
Title: Ordinance adopting and approving the implementation of the Amended Recovery Plan, dated May 20, 2009, 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 Amended Recovery Plan.
Indexes: ACT 47 RECOVERY PLAN
Attachments: 1. 2009-1423.DOC, 2. 2009-1423 VERSION 2.DOC, 3. Bill 2009-1423 VERSION 3 Amended Recovery Plan 6-30-09.pdf
Presenter
Presented by Mr. Peduto

Title
Ordinance adopting and approving the implementation of the Amended Recovery Plan, dated May 20, 2009, 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 Amended 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 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 has operated pursuant to the Recovery Plan for five years; and

WHEREAS, the Department and the Coordinator have determined that the adoption of an Amended Recovery Plan, reflecting progress made since 2004 and addressing in particular the City's legacy costs, is consistent with the objectives of the Act and is in the best interest of the City; and

WHEREAS, the Coordinator, after consultation with the City's A...

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