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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 Nos. 9D-1B also sometimes identified by respective house number and street address as 116-130 North Seventh street; authorizing the Redevelopment Authority to execute the redevelopment contract with Federal Reserve Bank of Philadelphia 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. 9D-1B also sometimes identified by respective house number and street address as 116-130 North Seventh street; (the "Property"). The area of said Property is bounded as follows:
Parcel No. 9D-1B (116-130 North Seventh street).
ALL THAT CERTAIN lot or piece of ground situated in the Fifth Ward of the City of Philadelphia beginning on the northwest corner of the intersection at North Seventh street (sixty four feet wide) and Appletree street (thirty feet wide); Thence extending northward along the west side of the said Seventh street one hundred forty one feet three inches to the centerline of Cherry street (thirty feet wide); Thence extending westward along the centerline of the said Cherry street two hundred thirty eight feet four and five-eighths inches to a point; Thence extending southward p...
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