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 American Street Industrial Corridor Urban Renewal Area, designated as Parcel No. 2 also sometimes identified by respective house number and street address as 2401-2411 North American street; and authorizing the Redevelopment Authority to execute the redevelopment contract with American Supply Company and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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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 American Street Industrial Corridor Urban Renewal Area (hereinafter "American Street"), which said plan and proposal were approved by Ordinance of the Council on June 13, 2002; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of American Street, designated as Parcel No. 2 also sometimes identified by respective house number and street address as 2401-2411 North American street (the "Parcel"). The area of said Parcel is bounded as follows:
Parcel No. 2 (2401-2411 North American street).
ALL THAT CERTAIN lot or piece of ground situated in the Nineteenth Ward of the City of Philadelphia beginning at the point of intersection of the easterly side of American street (one hundred twenty feet wide) and the northerly side of York street (fifty feet wide); Containing in front or breadth on the said side of American street one hundred feet and extending of that width in length or depth eastward between parallel lines at right angles to the said American street, the distance of one hundred twenty one feet nine inches to a point on the westerly side of Philip street (thirty feet wide).
The said redeve...
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