City CIO gets break on residency rule, courtesy of the economy

Oh, the economy, the economy, the economy!

That was the cry of city chief information officer Allan Frank when he pleaded with the city Administrative Board in February to grant him an additional six months to move into Philadelphia so that he could be in compliance with the government’s employee-residency rule.

Frank, who became the administration’s top wage earner when he began working here last September, told the board he was getting no bites on the Bryn Mawr house he was trying to sell — yet another consequence of the ailing economy.

At first, “people started to come to see the house,” he said in an interview Friday. “But then the crash happened and the credit market went down and everything stopped.”

As proof of his good intentions, Frank even submitted real estate documents to the board showing that he hadlowered his initial $849,000 asking price to $799,000.

With time running out on the six months he had under city rules to find a Philadelphia house, Frank, the former president of a technology consulting company, went to the board.
Consisting of the mayor, the finance director and the managing director, the small but powerful board decided to approve his request. (Mayor Nutter did not vote.)
It was one of two residency waivers granted since Nutter took office. The other was given to city lawyer Ronak Chokshi.
As it turns out, though, Frank may not need all the extra time. “I’m happy to report,” he said Friday, “that last night, the final papers were signed, and I bought a house in Overbrook Farms.”
His five-bedroom, three-car garage Bryn Mawr house has not yet sold — he has reduced the price again, to $765,000 — but he said he is hopeful it will soon.

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