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Reading gives Downtown Improvement District extra 45 days to close


READING, Pa. – 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. ....

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Reading City Council votes down reauthorizing Downtown Improvement District


The motion to reauthorize the district failed by a narrow and unexpected 3-4 vote.
Council members Johanny Cepeda-Freytiz, Stratton Marmarou, Melissa Ventura and Donna Reed voted against reauthorization.
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The DID was formed in 1995 to focus on the city’s downtown and provide cleaning, safety and economic services.
“I think it’s unfair that we continue to neglect (business and property owners), and we don’t listen and don t meet their needs,” Cepeda-Freytiz said before casting her vote. “To pay a higher property tax and put a financial burden on them that many have expressed they are paying for a service they are not receiving.” ....

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