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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 Belmont Urban Renewal Area, Unit No. 1, designated as Parcel Nos. 1 and 1A also sometimes identified by respective house numbers and street addresses for Parcel No. 1 as 4221-4243 Olive street and for Parcel No. 1A as 4222-4244 Olive street; authorizing the Redevelopment Authority to execute the redevelopment contract with Building Block Development Corporation and to take such action as may be necessary to effectuate the redevelopment contract.
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WHEREAS, The Redevelopment Authority of the City of Philadelphia (hereafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Belmont Urban Renewal Area, Unit No. 1 which said plan and proposal were approved by Ordinance of the Council on May 21, 1970, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of the Belmont Urban Renewal Area, Unit No. 1, designated as Parcel Nos. 1 and 1A also sometimes identified by respective house numbers and street addresses for Parcel No. 1 as 4221-4243 Olive street and for Parcel No. 1A as 4222-4244 Olive street (hereinafter "Properties"). The areas of said Properties are bounded as follows:
Parcel No. 1 (4221-4243 Olive street).
ALL THAT CERTAIN lots or pieces of ground with the buildings and improvements thereon, being in the Belmont Urban Renewal Area Unit No. 1 situate in the Sixth Ward of the City of Philadelphia, beginning at the intersection of the northerly side of Olive street (forty feet wide) and the westerly side of Brooklyn street (fifty feet wide), thence extending in a westerly direction along the northerly side of Olive street, one hundred fifty feet, to a point; thence extending in a northerly direction along a line of property now or late of William H. Gordon,...
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