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 Tioga Urban Renewal Area, designated as Parcel Nos. 50 also sometimes identified by house number and street address as 1539-1541 West Venango street; and authorizing the Redevelopment Authority to execute the amended redevelopment contract with New Life Affordable Housing I, L.P. and to take such action as may be necessary to effectuate the amended redevelopment contract.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia as hereinafter "Redevelopment Authority", has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Tioga Urban Renewal Area, as hereinafter "Tioga", for which said plan and proposal were approved by Ordinance of the Council on July 7, 2003; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Tioga, designated as Parcel No. 50 also sometimes identified by respective house numbers and street addresses as 1539-1541 West Venango street; (hereinafter "Property"). The area of the Property is bounded as follows:
Parcel No. 50 (1539-1541 West Venango street).
ALL THAT CERTAIN lot or piece of ground situated in the Thirteenth Ward of the City of Philadelphia beginning at the point of intersection of the north side of Venango street (fifty feet wide) and the east side of Sixteenth street (fifty feet wide); Thence extending northward along the said side of Sixteenth street seventy two feet to a point on the south side of a certain three feet wide alley that extends westward into the said Sixteenth street and eastward into Sydenham street (fifty feet wide); Thence extending eastward along said alley thirty one feet seven inches to a point; Thence extending southward on a line parallel with the said Sixteenth street seventy two feet to a point on t...
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