Title
Approving the redevelopment contract and disposition supplement of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Model Cities Urban Renewal Area, designated as Parcel Nos. 303 & 304 also sometimes identified by house numbers and street addresses for Parcel No. 303 as 967-975 North Second street and for Parcel No. 304 as 1016-1020 New Market street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Northern Liberties Development, L.P. and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Model Cities Urban Renewal Area, (hereinafter "Model Cities"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Model Cities, designated as Parcel Nos. 303 & 304 also sometimes identified by house numbers and street addresses for Parcel No. 303 as 967-975 North Second street and for Parcel No. 304 as 1016-1020 New Market street (the "Properties"). The areas of said Properties are bounded as follows:
Parcel No. 303 (967-975 North Second street).
ALL THAT CERTAIN lot or piece of ground located in the Fifth Ward of the City of Philadelphia with the buildings and improvements thereon erected being bounded beginning at a point on the easterly side of North Second street at the distance of one hundred ninety five feet six and three-quarters inches northward from the northerly side of Laurel street; Thence extending northward along the easterly side of Second street ninety six feet to a point; Thence extending eastward at right angles t...
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