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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 Independence Mall Urban Renewal Area, Unit No. 4 designated as Parcel No. 11A (revised), and being the area generally bounded by northeast corner of Ninth street and Arch street), authorizing the Redevelopment Authority to execute the redevelopment contract with Nine Arch Associates, L.P., 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 (hereinafter "Redevelopment Authority") has prepared and submitted an amended urban renewal plan and a amended redevelopment proposal for the redevelopment of the Center City Redevelopment Area, Independence Mall Urban Renewal Area, Unit No.4 (hereinafter "Independence Mall Unit 4"), which said amended plan and amended proposal were approved by Ordinance of the Council on February 19, 1966, as amended; and
WHEREAS, The Redevelopment Authority has prepared a redevelopment contract for a portion of Independence Mall Unit 4 designated as Parcel No. 11A (revised) (hereafter "Parcel No. 11A") hereinafter more particularly described. The area of Parcel No. 11A is bounded as follows:
Parcel No. 11A (revised) (northeast corner of Ninth street and Arch street).
ALL THAT CERTAIN lot or piece of ground situate in the Fifth ward of the City of Philadelphia beginning at a point of intersection of the southerly side of Cherry street (forty feet wide) and the easterly side of Ninth street (fifty feet wide); Thence extending south seventy eight degrees fifty nine minutes east along the southerly side of Cherry street eighty two and six hundred eighty seven thousandths feet to a point; Thence extending south twelve degrees fourteen minutes twenty eight seconds west a distance of four inches to a point; Thence extending north seventy seven degrees forty five minute...
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