City of Philadelphia - File #: 010382

• File #: 010382
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 5/24/2001
• In control: Committee on Public Property and Public Works
• Final action: 6/14/2001
• 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 313, 315, 317, 319, 321, 323 and 325 Race street, subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation ("PIDC"), and further authorizing PAID, notwithstanding any contrary provisions of the Philadelphia Industrial and Commercial Development Agreement, to sell this property to a nominee of PIDC for a consideration of Five Hundred Fifty-two Thousand Two Hundred Thirty-eight Dollars ($552,238.00), all under certain terms and conditions.
• Sponsors: Councilmember DiCicco
• Indexes: CITY-OWNED PARCELS, PAID, PIDC

Date	Ver.	Action By	Action	Result	Tally
8/31/2001	0	MAYOR	SIGNED
6/14/2001	0	CITY COUNCIL	READ
6/14/2001	0	CITY COUNCIL	PASSED	Pass	17:0
6/7/2001	0	Committee on Public Property and Public Works	HEARING NOTICES SENT
6/7/2001	0	Committee on Public Property and Public Works	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/7/2001	0	Committee on Public Property and Public Works	HEARING HELD
6/7/2001	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/7/2001	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/7/2001	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
5/24/2001	0	CITY COUNCIL	Referred
5/24/2001	0	CITY COUNCIL	Introduced	Pass

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 313, 315, 317, 319, 321, 323 and 325 Race street, subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and the Philadelphia Industrial Development Corporation ("PIDC"), and further authorizing PAID, notwithstanding any contrary provisions of the Philadelphia Industrial and Commercial Development Agreement, to sell this property to a nominee of PIDC for a consideration of Five Hundred Fifty-two Thousand Two Hundred Thirty-eight Dollars ($552,238.00), all under certain terms and conditions.
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, situate at 313, 315, 317, 319, 321, 323 and 325 Race street, 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 Situate in the Fifth Ward of the City of Philadelphia and described as follows (Subject to an official survey and plan):

BEGINNING at a point on the northerly side of Race street (fifty feet wide) at the distance of ninety-nine and eight hundred seventy-five one-thousandths feet from the easterly side of Fourth street (fifty feet wide); thence extending from said beginning point northwardly along a line the distance of one hundred eighty and one hundred seventy-two one-hundredt...