Title
Authorizing the Commissioner of Public Property on behalf of the City of Philadelphia to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to all or part of certain parcels of land with the buildings and improvements thereon located in the general vicinity of the intersection of Penrose Ferry Road and Fort Mifflin Road for further conveyance at fair market value, all 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 execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to all or part of certain parcels of land with the buildings and improvements thereon located in the general vicinity of the intersection of Penrose Ferry Road and Fort Mifflin Road, generally described as follows, for further conveyance at fair market value:
Parcel 1
ALL THAT CERTAIN lot or piece of ground with the buildings and improvements erected thereon, situate in the 40th Ward of the City of Philadelphia, and described in accordance with a Plan of Property (FF-10-0013/402-07) made July 28, 2004 for the Philadelphia Industrial Development Corporation by Thomas F. Marro, Acting Surveyor & Regulator of the Seventh Survey District, as follows:
BEGINNING AT A POINT in the centerline of Fort Mifflin Road (also known as Fort Road, 20 feet wide, not on City Plan and no record of legal opening), said point being located from the point of intersection of the southeasterly side of Penrose Ferry Road (33 feet wide, not on City Plan but legally opened) and the easterly side of the 65.894 feet wide right-of-way of the relocated Sixtieth Street Branch of the Philadelphia, Baltimore, and Washington Railroad by the following three (3) courses and distances: (1)...
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