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Approving the redevelopment contract of the Redevelopment Authority of the City of Philadelphia for the redevelopment and urban renewal of a portion of the Convention Center Renewal Area, designated as Parcel No 8-1, also sometimes identified by house number and street address as 1200-1212 Arch street; and authorizing the Redevelopment Authority to execute the redevelopment contract with 1200 Arch Street Associates, L.P. and to take such action as may be necessary to effectuate the redevelopment contract and rescinding Resolution No. 990519 approved by Council on June 17, 1999.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted a renewal plan and a redevelopment proposal for the redevelopment of the Convention Center Renewal Area, (hereinafter "Convention Center"), which said plan and proposal were approved by Ordinance of the Council on October 9, 1984, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Convention Center, designated as Parcel No. 8-1 also sometimes identified as 1200-1212 Arch street (the "Parcel"). The area of said Parcel is bounded as follows:
Parcel No. 8-1 (1200-1212 Arch street).
ALL THAT CERTAIN lot or piece of ground situated in the Fifth Ward of the City of Philadelphia beginning on the southwest corner of the intersection at North Twelfth street (fifty feet wide) and Arch street (seventy two feet wide); Thence extending westward along the south side of the said Arch street twenty two feet to a point; Thence extending northward three feet to a point on the former southerly line of the said Arch street; Thence extending westward along the former southerly line of the said Arch street one hundred forty five feet to a point; Thence extending southward one hundred seventy three feet to a point on the north side of Cuthbert street (twenty seven feet wide); Thence extending eastwa...
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