Title
Authorizing the Philadelphia Redevelopment Authority to execute and deliver to the Philadelphia Land Bank a deed conveying title to 1718-26 N. 52nd Street, located in the 4th Councilmanic District, pursuant to the requirements of the Commonwealth Land Bank Act.
Body
WHEREAS, Act 153 of 2012, 68 Pa. C.S.A. § 2101, et seq. (the "Land Bank Act") authorized the City to create a land bank in accordance with the Land Bank Act; and
WHEREAS, The City, in Bill No. 130156-A (approved December 18, 2013), authorized the creation of the Philadelphia Land Bank; and
WHEREAS, Under Section 2109 of the Land Bank Act, 68 Pa. C.S.A. § 2109(d)(3), a redevelopment authority, with the consent of the local governing body and without a redevelopment contract, may convey title to certain redevelopment authority property to a land bank; and
WHEREAS, The property identified in this Resolution qualifies for transfer from the Philadelphia Redevelopment Authority to the Philadelphia Land Bank as provided by Section 2109 of the Land Bank Act; and
WHEREAS, The transfer of the property identified in this Resolution to the Philadelphia Land Bank will promote the public purposes for which the City created the Philadelphia Land Bank; now, therefore, be it
RESOLVED, BY THE COUNCIL OF THE CITY OF PHILADELPHIA, AS FOLLOWS:
SECTION 1. The Philadelphia Redevelopment Authority is hereby authorized to execute and deliver to the Philadelphia Land Bank, without consideration, a deed conveying title to the property listed in Exhibit "A" hereto.
EXHIBIT "A"
4th Councilmanic District Property
1718-26 N. 52nd Street
End