By Pat Loeb

CITY HALL (CBS) — Philadelphia City Council President Darrell Clarke wants to revive a charter change that would create a new Commission to coordinate public, private and non-profit investments in the city.

The Community Reinvestment Commission would recommend strategies for leveraging investments from a number of sources to create jobs and economic opportunity, according to legislation introduced at last week’s council session.

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Council President Clarke said it’s something that’s been missing.

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“Everybody is participating on some level or another– the government, obviously, private sector, the foundations, the lending institutions, as required by law, but there’s no (coordinated) effort.”

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If the bill passes, and Mayor Kenney signs it, voters would be asked to approve it in a referendum. A similar bill passed in 2000, but never went on the ballot.