Title
Authorizing the Philadelphia Authority for Industrial Development ("PAID") to purchase a certain tract of land situate at the southeast corner of Fiftieth street and Parkside avenue, for a consideration not to exceed seventy thousand dollars ($70,000.00), under and subject to the terms and conditions of the Philadelphia Industrial and Commercial Development Agreement between the City, PAID, and Philadelphia Industrial Development Corporation (PIDC).
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Philadelphia Authority for Industrial Development ("PAID"), is hereby authorized to purchase, for a consideration not to exceed seventy thousand dollars ($70,000.00) including settlement and other incidental costs, the following described parcel of land, under and 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), as follows:
ALL THAT Parcel of land situate in the Fifty-second Ward of the City of Philadelphia, County of Philadelphia, and Commonwealth of Pennsylvania bounded and described according to a Plan of a Survey made by Barton & Martin dated July 27, 1977 and revised March 20, 1978 designated PAL-1OG-23-2A1, as follows viz:
BEGINNING at a point on the southwesterly line of Parkside avenue (one hundred feet wide) which point is measured south sixty-two degrees twenty-four minutes forty-seven seconds east along the said southwesterly side of Parkside avenue the distance of six hundred forty feet from a point of intersection formed by the said southwesterly line of Parkside avenue and the southeasterly line of Fifty-first street (sixty feet wide); thence extending from said point of beginning south sixty-two degrees twenty-four minutes forty-seven seconds east along the said southwesterly line of Parkside avenue and partly along the northeasterly end of a thirty foot sewer right-of-w...
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