Title
Authorizing the Commissioner of Public Property, on behalf of the City of Philadelphia, to convey to Philadelphia Authority for Industrial Development all or a portion of a parcel or parcels of land in and about the area bounded by 46th Street, Market Street, 48th Street and Haverford Avenue, for further conveyance, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property, on behalf of the City of Philadelphia, is hereby authorized to convey to Philadelphia Industrial Development Corporation some or all of the parcels of land located in and about the area bounded by 46th Street, Market Street, 48th Street and Haverford Avenue, as more particularly identified in Exhibit "A", for further conveyance, under certain terms and conditions.
SECTION 2. Conveyance of the property to PAID shall be conditioned upon a commitment by PAID to require an Economic Opportunity Plan in accordance with Section 17-1602 of The Philadelphia Code, upon further conveyance.
SECTION 3. The City Solicitor is hereby authorized to review and to approve, prior to execution, all instruments and documents necessary to effectuate this Ordinance, which instruments and documents shall contain such terms and conditions as the City Solicitor shall deem necessary and proper to protect the interests of the City.
EXHIBIT A
Legal Description
ALL THAT CERTAIN lot or piece of ground together with the buildings and improvements thereon erected, situate in the 6th Ward of the City of Philadelphia and described in accordance with a plan of property prepared by Barton and Martin Engineers dated February 24, 1997.
BEGINNING at the point of intersection of the Northerly side of Market Street (100 feet wide) with the Westerly side of 46th Street (80 feet wide at this point); thence from said point of beginning extending North 78 degrees 59 Minutes 00 seconds West, along the said Northerly...
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