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 Model Cities Urban Renewal Area, designated as Parcel No. 523 also sometimes identified by house number and street address as 1015-1017 North American street; authorizing the Redevelopment Authority to execute the redevelopment contract with Killian Properties, LLC and to take such action as may be necessary to effectuate the redevelopment contract and disposition supplement.
Body
WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Model Cities Urban Renewal Area, (hereinafter "Model Cities"), which said plan and proposal were approved by Ordinance of the Council on December 15, 1969, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Model Cities, designated as Parcel No. 523 also sometimes identified by house number and street address as 1015-1017 North American street (the "Property"). The area of said Property is bounded as follows:
Parcel No. 523 (1015-1017 North American street).
ALL THAT CERTAIN lot or piece of ground situated in the Fifth Ward of the City of Philadelphia beginning at a point on the easterly side of American street (forty feet wide) at the distance of one hundred thirty feet northward from the northerly side of Wildey street (forty feet wide); Thence extending eastward on a line parallel with the said Wildey street eighty feet to a point; Thence extending northward on a line parallel with the said American street twenty feet to a point; Thence extending westward on a line parallel with the said Wildey street twelve feet six inches to a point; Thence extending northward on a line parallel with the said American street twenty ...
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