Title
Approving the development contract, disposition supplement and ground lease of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the South Delaware Redevelopment Area, designated as Parcel No. 36 also sometimes identified by house number and street address as 10 Wolf street; authorizing the Redevelopment Authority to execute the development contract and lease with Hyundai Rotem USA Corporation and to take such action as may be necessary to effectuate the development contract, lease and disposition supplement.
Body
WHEREAS, In accordance with the provisions of the Urban Redevelopment Law, being the Act of May 24, 1945, P.L. 991, as amended and supplemented, the City Planning Commission of the City of Philadelphia (hereinafter "Commission") has in April, 2003, certified the South Delaware Redevelopment Area as a redevelopment area and has completed a detailed redevelopment area plan for the South Delaware Redevelopment Area dated May, 2003 (hereinafter "South Delaware"); and
WHEREAS, The Redevelopment Authority has prepared a development contract and ground lease that includes, inter alia, a portion of South Delaware, designated as Parcel No. 36 also sometimes identified by house number and street address as 10 Wolf street (hereinafter the "Property"). The area of said Property to be leased is bounded as follows:
Parcel No. 36 (10 Wolf street).
ALL THAT CERTAIN lot or piece situated in the Thirty-ninth Ward of the City of Philadelphia beginning at the point of intersection of the southerly side of Wolf street (sixty feet wide) and the easterly side of Vandalia street (fifty feet wide); Thence extending eastward along the southerly side of Wolf street three hundred fifty eight feet seven and one-half inches to a point of intersection of the westerly side of Weccacoe avenue (eighty feet wide); Thence extending southward along the westerly side of said Weccacoe avenue a distance o...
Click here for full text