Title
Authorizing the Department of Public Property to acquire, on behalf of the City, an approximately 0.80 acre property consisting of a portion of the elevated rail line known as the Viaduct located between North Broad Street, the north side of Noble Street, 11th Street and the south side of Callowhill Street, together with all improvements thereon and associated easements; and to lease a portion of the property to the Southeastern Pennsylvania Transportation Authority; all under certain terms and conditions.
Body
WHEREAS, The City is committed to fostering economic development, reuse of abandoned infrastructure, and creating green space; and
WHEREAS, The Viaduct is a combination of embankment sections, bridged steel structures and arched masonry bridges built in the 1890's. Rail service was discontinued on the Viaduct in approximately 1984; and
WHEREAS, The Southeastern Pennsylvania Transportation Authority (SEPTA) is the owner of a section of the Viaduct between a point 50 feet west of the west side of 13th Street and curving to the south side of Callowhill Street, consisting of 0.80 acres of land (the Property), as depicted in Exhibit A hereto; and
WHEREAS, Center City District has secured approximately nine million dollars of funding for the completion of remediation and structural repairs to the Property, as well as the construction of an elevated park on the Property (Improvements); and
WHEREAS, Upon Center City District's completion of the Improvements on the Property, SEPTA desires to convey the Property to the City and the City seeks to take ownership of the Property; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Department of Public Property is hereby authorized to acquire on behalf of the City approximately 0.80 acres of land and bridge structures located on a portion of the City Branch between North Broad Street, the north side of Noble Street, 11th Street and the south side of Callowhill Street, as more specifically depicted in Exhibit A hereto, pursuant to terms substantially similar to those set forth in the term sheet attached as Exhibit B.
SECTION 2. The Commissioner of Public Property is authorized to enter into a lease agreement with SEPTA whereby the City would lease to SEPTA a surface parking lot on a portion of the Property located below a bridge structure.
SECTION 3. The City Solicitor is hereby authorized to review and to approve all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City of Philadelphia and carry out the purposes of this Ordinance.
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