Title
Approving the redevelopment contract of the Philadelphia Redevelopment Authority for the redevelopment and urban renewal of a portion of the Sarah Allen Urban Renewal Area, identified by house number and street address as 864-874 North Preston street and 871-873 Budd street; and authorizing the Redevelopment Authority to execute the redevelopment contract with Belmont Alliance Civic Association, Community Development Corporation and to take such action as may be necessary to effectuate the redevelopment contract.
Body
WHEREAS, The Philadelphia Redevelopment Authority (hereinafter "Redevelopment Authority") has prepared and submitted an urban renewal plan and a redevelopment proposal for the redevelopment of the Sarah Allen Urban Renewal Area (hereinafter "Sarah Allen"), which said plan and proposal were approved by Ordinance of the Council on June 23, 1998; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Sarah Allen, identified by house number and street address as 864-874 North Preston street and 871-873 Budd street (the "Property"). The area of the Property is bounded as follows:
864-874 North Preston street and 871-873 Budd street. All that certain lot or parcel of land, situate in the Sixth Ward of the City of Philadelphia, more particularly bounded and described as follows to wit: beginning at a point on the westerly side of North Preston street (fifty feet wide) measured north six degrees, nineteen minutes, twenty-nine seconds west, a distance of one hundred seven and eight hundred eleven thousandths feet from the intersection of the northerly side of Ogden street (fifty feet wide) with the westerly side of North Preston street and running; Thence south eighty-three degrees, forty minutes, thirty-one seconds west, a distance of seventy and four tenths feet to a point; Thence south six degrees, nineteen minutes, twenty-nine seconds east, a distance of forty-three and nine hundred twenty-three thou...
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