Title
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, situate at 2815 Ridge Avenue, generally under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property is hereby authorized to execute and deliver to the Philadelphia Authority for Industrial Development ("PAID"), without consideration, a deed conveying fee simple title to the following described tract of ground, subject however to all the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, the PAID, and the Philadelphia Industrial Development Corporation, as follows:
ALL THAT CERTAIN lot or piece of ground, with the buildings and improvements thereon, situate in the Thirty-second Ward of the City of Philadelphia and described according to a plan thereof made December 10, 1964 by Vincent J. Nero, Surveyor and Regulator of the Third Survey District, as follows:
BEGINNING at a point formed by the intersection of the southeasterly side of Sedgley avenue (sixty feet wide) and the northeasterly side of Ridge avenue (sixty feet wide); thence extending along the said southeasterly side of Sedgley avenue, north fifty degrees fifty-four minutes fifty-seven seconds east, three hundred sixty-three feet one and one-quarter inches to a point; thence extending south thirty-one degrees twenty seven minutes forty two seconds east, sixty-nine feet two inches to a point; thence extending north fifty-eight degrees thirty two minutes eighteen seconds east, twenty-three feet eight inches to a p...
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