City of Philadelphia - File #: 040700

• File #: 040700
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 6/21/2004
• In control: Committee on Public Property and Public Works
• Title: Amending Bill No. 020480, entitled "An Ordinance authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development ("PAID"), without consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon situated at the northwest corner of Fifth and Huntingdon streets, subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation; and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all under certain terms and conditions," to extend the period of time the Associacion is granted to obtain financing.
• Sponsors: Councilmember Mariano
• Indexes: CITY-OWNED PARCELS, PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
2/17/2005	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
2/17/2005	0	Committee on Public Property and Public Works	HEARING HELD
2/17/2005	0	Committee on Public Property and Public Works	RECESSED
6/21/2004	0	CITY COUNCIL	Referred
6/21/2004	0	CITY COUNCIL	Introduced	Pass

Title

Amending Bill No. 020480, entitled “An Ordinance authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development (“PAID”), without consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon situated at the northwest corner of Fifth and Huntingdon streets,  subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation; and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all under certain terms and conditions,” to extend the period of time the Associacion is granted to obtain financing.

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

Section 1.                     Section 2 of Bill No. 020480, entitled “An Ordinance authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development (“PAID”), without consideration, a deed conveying fee simple title to a certain tract of City-owned land with the buildings and improvements thereon situated at the northwest corner of Fifth and Huntingdon streets,  subject generally to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement among the City, PAID, and the Philadelphia Industrial Development Corporation; and further authorizing PAID, notwithstanding any contrary requirements of the Philadelphia Industrial and Commercial Development Agreement, to convey such land and property to the Associacion de Musicos Latinos Americanos for a nominal consideration; all under certain terms and conditions,” approved December 3, 2002, is amended as follows:

                     Section 2.  The authorization set forth in Section 1 is conditioned upon the Associacion de Musicos Latinos Americanos (“AMLA”) obtaining financing to develop, rehabilitate, and/or improve part or all of the property by [June 30, 2004]  June 30, 2006.

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Explanation:

[Brackets] indicate matter deleted.

Italics indicate new matter added.

End