In compliance with the Pennsylvania Sunshine Act, Act 93, 1998, the Committee on Finance of the Council of the City of Philadelphia will hold a Public Hearing Wednesday, May 24, 2006 , at 1:00 PM , in Room 400, City Hall, to hear testimony on the following item:

060381 An Ordinance authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program, in an aggregate amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000) to assist in the development of La Salle University Science and Technology Center, Lutheran Theological Seminary, and Pleasant Playground; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.

Immediately following the public hearing, a meeting of the Committee on Finance, open to the public, will be held to consider the action to be taken on the above listed item.

Copies of the foregoing item are available in the Office of the Chief Clerk of the Council, Room 402, City Hall.