Title
Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to a certain tract of City-owned land situate in an area generally located on the east side of University Avenue between Guardian Drive and Curie Boulevard, with the buildings and improvements thereon, for further conveyance at fair market value.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Commissioner of Public Property is hereby authorized to execute and deliver to the Philadelphia Authority for Industrial Development, for nominal consideration, a deed conveying fee simple title to the following described tract of ground, with the buildings and improvements thereon, for further conveyance at fair market value, with the net proceeds to be returned to the General Fund:
ALL THAT CERTAIN lot or piece of ground with the buildings and improvements thereon erected Situate in the Twenty-seventh Ward of the City of Philadelphia, described in accordance with a Survey and Plan made June 23, 1986 by Earl T. Boyer, Surveyor and Regulator, Seventh Survey District, as follows:
BEGINNING at a point formed by the intersection of the southeasterly side of a certain twenty-five foot wide easement leading in a northeasterly and southwesterly direction and the easterly side of University Avenue (ninety feet wide), which point measured northwardly, along the said easterly side of University Avenue and University Avenue extension (variable width), various courses and distances, the total being one thousand one hundred sixty-four and one hundred eighty-five one-thousandths feet to a point of intersection with the southeasterly side of University Avenue extension and the southwesterly side of Spruce Street (eighty feet wide); thence extending from said beginning point, partly along the southeasterly side of said twenty-five foot wide easeme...
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