Title
Approving the action of the Boards of the Philadelphia Industrial Development Corporation and the Philadelphia Authority for Industrial Development to sell Parcel F-13, an approximately nineteen-acre parcel of vacant land on the northwesterly side of Essington Avenue in the Eastwick Urban Renewal Area - Stage "A" Industrial, to MDC Philadelphia, LLC, developer for Airborne Express.
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, MDC Philadelphia, LLC, developer for Airborne Express, proposes to purchase Parcel F-13 containing approximately nineteen acres of vacant land on the northwesterly side of Essington Avenue in the Eastwick Urban Renewal Area - Stage "A" Industrial, and construct a one hundred fifteen thousand square foot building for use as an express package distribution facility; and
WHEREAS, Airborne Express proposes to retain one hundred fifty-two jobs and create sixty-one new jobs; and
WHEREAS, PIDC and PAID, upon the unconditional approval of their Boards at their meetings of November 18, 2003, and upon review by the Redevelopment Authority of the City of P...
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