Title
Approving the action of the Boards of the Philadelphia Industrial Development Corporation and the Philadelphia Authority for Industrial Development to sell Parcel E-17A, in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately one-half acre to JLD, Inc.
Body
WHEREAS, The Council of the City of Philadelphia, by Ordinance 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 (hereinafter "Redeveloper") 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 the Redeveloper under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, JLD, Inc., T/A Thermo King of Philadelphia, the adjacent land owner, sells and services refrigeration and air conditioning units for transportation equipment; and
WHEREAS, JLD, Inc. proposes to use Parcel E-17A in the Eastwick Urban Renewal Area - Stage "A" Industrial, for parking and expansion of its shop facility and increase employment from twenty-eight to thirty-five jobs; and
WHEREAS, The Redeveloper, upon the unconditional approval of its Executive Boards and review by the Redevelopment Authority of the City of Philadelphia, has agreed to sell to JLD, Inc. Parcel E-17A in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately one-half acre, more fully described as follows:
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