READING, Pa. â One week after it voted against reauthorizing the Downtown Improvement District, the Reading City Council voted 6-1 to allow the authority an additional 30 to 45 days for the purpose of closing down its business.
The DID s authorization is set to expire on Thursday, Dec. 31, after the council made a surprising vote last week to not reauthorize the authority for an additional five years.
Joan London, the DID s solicitor, made a request of the council Monday to have a 90-day extension for the purpose of closing out business. Jim Vasil | 69 News What we need is what any corporation that has been in business for 25 years would need to wind down operations, London said. There are contracts, leases, equipment, outstanding liens; all items have to be addressed. The financial administrative assistant and the executive director are the best qualified to handle this in an efficient manner.