Title
Authorizing the Commissioner of Public Property to execute and deliver to the Philadelphia Authority for Industrial Development a deed conveying, for nominal consideration, fee simple title to a certain irregularly shaped portion of 250 Fountain Street, on the southwest corner of the intersection of Silverwood and Fountain Streets, with the 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 a deed conveying, for nominal consideration, fee simple title to a certain irregularly shaped portion of 250 Fountain Street, on the southwest corner of the intersection of Silverwood and Fountain Streets, as described below, with the improvements thereon, for further conveyance by the Philadelphia Authority for Industrial Development at fair market value, with the net proceeds to be returned to the General Fund:
BEGINNING at the point on the southwesterly side of Silverwood Street (50' wide, legally open) at the distance of 63.687' northwestwardly from the intersection of the said southwesterly side of Silverwood Street and the northwesterly side of Fountain Street (50' wide, legally open); THENCE extending the following six (6) courses and distances along the southeasterly face of a certain brick retaining wall. (1) Partly along the southeasterly face of the said brick retaining wall S.72°36'30"W. the distance of 26.800' to a point of curve; (2) on the arc of a circle curving to the left having a radius of 16.000' the arc distance of 11.397' to a point of reverse curve; (3) on the arc of a circle curving to the right having a radius of 17.000' the arc distance of 27.771' to a point of reverse curve; (4) on the arc of a circle curving to the left having a radius of 13.000' the arc distance of 15.219' to a point of tangency; (5) THENCE e...
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