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Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Independence Mall Urban Renewal Area, Unit No. 4 designated as Parcel No. 11A (revised), and being the area generally bounded by northeast corner of Ninth street and Arch street), authorizing the Redevelopment Authority to execute the redevelopment contract with Nine Arch Associates, L.P., and to take such action as may be necessary to effectuate the redevelopment contract.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an amended urban renewal plan and a amended redevelopment proposal for the redevelopment of the Center City Redevelopment Area, Independence Mall Urban Renewal Area, Unit No.4 (hereinafter "Independence Mall Unit 4"), which said amended plan and amended proposal were approved by Ordinance of the Council on February 19, 1966, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Independence Mall Unit 4 designated as Parcel No. 11A (revised) (hereafter "Parcel No. 11A”) hereinafter more particularly described. The area of Parcel No. 11A is bounded as follows:
Parcel No. 11A (revised) (northeast corner of Ninth street and Arch street).
ALL THAT CERTAIN lot or piece of ground situate in the Fifth ward of the City of Philadelphia beginning at a point of intersection of the southerly side of Cherry street (forty feet wide) and the easterly side of Ninth street (fifty feet wide); Thence extending south seventy eight degrees fifty nine minutes east along the southerly side of Cherry street eighty two and six hundred eighty seven thousandths feet to a point; Thence extending south twelve degrees fourteen minutes twenty eight seconds west a distance of four inches to a point; Thence extending north seventy seven degrees forty five minutes thirty seconds west a distance of five and one hundred ninety seven thousandths feet to a point; Thence extending south twelve degrees fourteen minutes twenty eight seconds west a distance of twelve feet nine inches to a point; Thence extending south seventy seven degrees forty five minutes thirty two seconds east a distance of eighteen feet eight inches to a point on the westerly side of the proposed right-of-way for the Center City Commuter connection; Thence extending south twelve degrees fourteen minutes twenty eight seconds west along the westerly side of said right-of-way forty seven and five hundred forty one thousandths feet to a point; Thence extending south seventy seven degrees forty five minutes thirty two seconds east a distance of twelve feet to a point; Thence extending north twelve degrees fourteen minutes twenty eight seconds east a distance of sixty and six hundred twenty five thousandths feet to a point on the southerly side of said Cherry street; Thence extending south seventy eight degrees fifty nine minutes east along the southerly side of Cherry street one hundred fourteen and five hundred eighty three thousandths feet to a point; Thence extending south eleven degrees one minute west along a line of property now or late of the Philadelphia Redevelopment Authority a distance of two hundred eighty four and nine hundred eighty nine thousandths feet to a point on the northerly side of Arch street (seventy two feet wide); Thence extending north seventy eight degrees fifty nine minutes west along the northerly side of Arch street two hundred twenty four and three hundred eighty five thousandths feet to a point on the easterly side of aforesaid Ninth street; Thence extending north eleven degrees twenty one minutes east along the easterly side of Ninth street a distance of two hundred eighty five feet to the first mentioned point and place of beginning.
The said redevelopment contract is in substantial conformity with the amended urban renewal plan and the amended redevelopment proposal approved by the Council.
WHEREAS, Nine Arch Associates, L.P. desires to enter into the said redevelopment contract for Parcel No. 11A.
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, That the redevelopment contract submitted by the Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") for the redevelopment of that portion of Independence Mall Unit 4, as hereinabove more particularly described, is hereby approved. City Council authorizes the Redevelopment Authority to proceed with minor changes in substantial conformity with the hereby approved redevelopment contract. The Redevelopment Authority is authorized to execute the hereby approved redevelopment contract with Nine Arch Associates, L.P. (hereinafter "Redeveloper"). The Redevelopment Authority and the Redeveloper are authorized to take such action in substantial conformity to the redevelopment contract as may be necessary to carry it out.
RESOLVED, The Redevelopment Authority and the Redeveloper are authorized to prepare or cause to be prepared for introduction into the Council such ordinances or resolutions as may be necessary for changes in zoning, streets, alleys, public ways, street patterns, location and relocation of public utilities, and related items which are required in order to facilitate and effectuate the redevelopment contract and disposition supplement hereby approved. Accordingly, the Council hereby declares that it will cooperate in helping to carry out the redevelopment contract and requests the various officials, departments, boards and agencies of the City having administrative responsibilities in the premises likewise to cooperate to such end and to exercise their respective functions and powers in a manner consistent with the redevelopment contract and disposition supplement.
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