Title
Approving the action of the Boards of the Philadelphia Industrial Development Corporation and the Philadelphia Authority for Industrial Development to sell Parcel E-21, located at 3201 South Seventy-fourth Street in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately eighteen acres to the United States Postal Service or its nominee.
Body
WHEREAS, The Council of the City of Philadelphia, by Bill Number 916, approved November 20, 1973, has authorized and approved the execution of a Redevelopment Agreement between the Redevelopment Authority of the City of Philadelphia and the Philadelphia Industrial Development Corporation, PIDC-Financing Corporation, and the Philadelphia Authority for Industrial Development, for the redevelopment and urban renewal of the Eastwick Urban Renewal Area - Stage "A" Industrial; and
WHEREAS, The Philadelphia Authority for Industrial Development has purchased from the Redevelopment Authority of the City of Philadelphia the required land under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, City Council did reserve unto itself the Right of Approval, by Resolution, for each transaction completed by PAID under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, The United States Postal Service, or its nominee, proposes to purchase Parcel E-21, located at 3201 South Seventy-fourth street in the Eastwick Urban Renewal Area - Stage "A" Industrial, and construct a thirty-five thousand seven hundred square foot vehicle maintenance facility and a thirty-one thousand eight hundred square foot storage facility to support the new regional mail distribution facility it is developing on Lindbergh boulevard; and
WHEREAS, The United States Postal Service, or its nominee, proposes to retain seventy jobs; and
WHEREAS, PIDC and PAID, upon the unconditional approval of their Boards at their meetings of March 22, 2005, and upon review b...
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