Title
Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Model Cities Urban Renewal Area, designated as Parcel No. 691 also sometimes identified by house number and street address as 2021-2029 Alder street; authorizing the Redevelopment Authority to execute the redevelopment contract with 1000 Diamond Street, LP and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Model Cities Urban Renewal Area, (hereinafter "Model Cities"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Model Cities, designated as Parcel No. 691 also sometimes identified by house number and street address as 2021-2029 Alder street (the "Property"). The area of said Property is bounded as follows:
Parcel No. 691 (2021-2029 Alder street).
ALL THAT CERTAIN lot or piece of ground situated in the Twentieth Ward of the City of Philadelphia beginning at the point of intersection of the east side of Alder street (thirty feet wide) and the south side of Diamond street (fifty feet wide); Thence extending southward along the said side of Alder street the distance of three hundred seventy three feet five and one-half inches to a point; Thence extending eastward on a line at right angles to the said Alder street the distance of forty feet five inches to a point; Thence extending southward on a line parallel with the said Alder street the distance of twenty five feet four inches to a point; Thence extending eastward on a line at right angle...
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