Title
Approving the action of the Boards of the Philadelphia Industrial Development Corporation and the Philadelphia Authority for Industrial Development to sell Parcel E-18, in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately three acres to Carusone Construction, Inc.
Body
WHEREAS, The Council of the City of Philadelphia, by Bill Number 916, approved November 20, 1973, has authorized and approved the execution of a Redevelopment Agreement between the Redevelopment Authority of the City of Philadelphia and the Philadelphia Industrial Development Corporation, PIDC-Financing Corporation, and the Philadelphia Authority for Industrial Development, for the redevelopment and urban renewal of the Eastwick Urban Renewal Area - Stage "A" Industrial; and
WHEREAS, The Philadelphia Authority for Industrial Development has purchased from the Redevelopment Authority of the City of Philadelphia the required land under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, City Council did reserve unto itself the Right of Approval, by Resolution, for each transaction completed by PAID under the terms and conditions of the aforesaid Redevelopment Agreement; and
WHEREAS, Carusone Construction, Inc., currently located at 6301 Reedland street, proposes to purchase Parcel E-18 in the Eastwick Urban Renewal Area - Stage "A" Industrial, and construct a ten thousand square foot building as its headquarters; and
WHEREAS, Carusone Construction, Inc. proposes to increase its employment from six to fourteen new jobs; and
WHEREAS, PIDC and PAID, upon the unconditional approval of their Boards at their meeting of August 13, 2002, and upon review by the Redevelopment Authority of the City of Philadelphia, have agreed to sell to Carusone Construction, Inc. Parcel E-18 in the Eastwick Urban Renewal Area - Stage "A" Industrial, containing approximately three acres, more fully described as follows:
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