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 Central Germantown Urban Renewal Area, designated as Parcel No. 56 also sometimes identified by house number and street address for Parcel No. 56 as 5439-5441 Germantown avenue; authorizing the Redevelopment Authority to execute the redevelopment contract with Vortex Investments, LLC 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 urban renewal plan and a redevelopment proposal for the redevelopment of the Central Germantown Urban Renewal Area (hereinafter "Central Germantown"), for which said plan and proposal were approved by Ordinance of the Council in July 1967, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Central Germantown, designated as Parcel No. 56 also sometimes identified by house number and street address for Parcel No. 56 as 5439-5441 Germantown avenue; (hereinafter "Property"). The area of the Property is bounded as follows:
Parcel No. 56 (5439-5441 Germantown avenue).
ALL THAT CERTAIN lot or piece of ground situated in the Twenty-second Ward of the City of Philadelphia beginning at a point on the northeasterly side of Germantown avenue (sixty feet wide) at the distance of forty feet southeastward from the southeasterly side of Church lane (forty feet wide); Thence extending southeastward along the northeasterly side of Germantown avenue thirty nine feet to a point; Thence extending northeastward the distance of one hundred seventy four feet one and one-quarter inch to a point on the southwesterly side of a certain twenty feet wide alley; Thence extending northwestward along the said southwesterly side of said a...
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